Lundin Mining announces sale of interest in Kokkola cobalt refinery

Lundin Mining is entitled to receive 30% of the proceeds of the transaction. The joint venture will retain Freeport Cobalt’s fine powders, chemicals, catalyst, ceramics and pigments businesses.

The transaction is subject to the completion of the separation of Freeport Cobalt, the receipt of required regulatory approvals, and other customary closing conditions.

The transaction is expected to close by year-end 2019.