Lundin Mining Corporation · TSX:LUN
Lundin Mining — 2009 RBC Global Mining and Materials Conference
15 slides from Lundin Mining's conference presentation, Jun 9, 2009
Slide 1: 2009 RBC Global Mining and Materials Conference
June 9, 2009 TSX: LUN OMX: LUMI 2009 RBC Global Mining and Materials Conference June 9-10, 2009
Slide 2: Cautionary Statements
Cautionary Statements Caution Regarding Forward Looking Statements This presentation contains forward-looking statements. These forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events. These forward-looking statements are s
Slide 3: 2008: "Stronger for Longer"
2008: “Stronger for Longer” Corporate Operations Projects Exploration Growth
Slide 4: Global Financial Crisis
Global Financial Crisis Corporate Operations Projects Exploration Growth
Slide 5: Operating in a Global Recession
Operating in a Global Recession INDUSTRY Metal prices collapsed. Size of movement less surprising than the speed. Debt and equity markets seized, demand collapsed as destocking took place and global inventories built. LUNDIN RESPONSE Operating plans were revised with the objective of ensuring
Slide 6: Where We Are Today
Where We Are Today Lundin Mining has three key assets: A 24.75% equity interest in the Tenke copper/cobalt project 100% ownership of Neves-Corvo copper/zinc/lead mine in Portugal 100% ownership of Zinkgruvan zinc/lead/silver/copper mine in Sweden The 100% owned Aguablanca nickel/copper mine in
Slide 7: Tenke – Copper/Cobalt Deposit, DRC
Tenke – Copper/Cobalt Deposit, DRC First copper cathode produced in March followed by first shipment in April Phase 1 levels of 115,000 tpa copper and 8,000 tpa cobalt on track for second half of 2009 Lundin Mining 2009 funding estimated in the range of $40 to $50 million Cost overruns funde
Slide 8: Tenke Copper Production
Tenke Copper Production Corporate Operations Projects Exploration Growth
Slide 9: Tenke Plant Site
Tenke Plant Site Corporate Operations Projects Exploration Growth
Slide 10: Neves-Corvo – Copper/Zinc Mine, Portugal
Neves-Corvo – Copper/Zinc Mine, Portugal Zinc production remains suspended due to low zinc price Zinc facility continues to treat copper ore and allowed for record tonnages of copper ore to be treated Expansion of the zinc processing capacity planned in anticipation of improved zinc prices but
Slide 11: Neves-Corvo: Growing World Class Deposit
Neves-Corvo: Growing World Class Deposit 24m @ 2.4% Cu 77m @ 1.2% Cu Corporate Operations Projects Exploration Growth
Slide 12: Zinkgruvan – Zinc/Lead/Silver Mine, Sweden
Zinkgruvan – Zinc/Lead/Silver Mine, Sweden Operations continued to achieve record levels for tonnes of ore mined and treated and for total lead and zinc production Copper project continues within budget and is on track for first copper production in 2010. Corporate Operations Projects Exploratio
Slide 13: Financial Position
Financial Position More than US$250 million of new equity raised Company has entered into multiple option collar arrangements covering 40,000 tonnes of copper over the next 12 months: weighted average floor price of $1.87/lb and cap of $2.39/lb Corporate Operations Projects Exploration Growth
Slide 14: Summary
Summary Recent equity raising, coupled with a limited‐term copper hedge, has removed the liquidity concerns the market had at the start of the year and we are now in a position to be able to finalize a suitable debt facility in the near future Our wholly-owned operations continue to perform well
Slide 15: 2009 Annual Meeting of Shareholders
May 15, 2009 TSX: LUN OMX: LUMI 2009 Annual Meeting of Shareholders
Lundin Mining — 2009 RBC Global Mining and Materials Conference on 6ix