Divestiture • Metals/Mining

Boliden Acquires Neves-Corvo

On December 9, 2024, Boliden acquired metals/mining company Neves-Corvo from Lundin Mining

Acquisition Context
  • This is Boliden’s 2nd transaction in the Metals/Mining sector.
  • This is Boliden’s 1st transaction in Portugal.

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M&A Deal Summary

Date December 9, 2024
Target Neves-Corvo
Sector Metals/Mining
Buyer(s) Boliden
Sellers(s) Lundin Mining
Deal Type Divestiture

Target Company

Neves-Corvo

Castro Verde, Portugal
Neves-Corvo is a copper and zinc mine. Neves-Corvo was founded in 1970 and is based in Castro Verde, Portugal.
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Buyer Overview 1

Buyer

Boliden

Stockholm, Sweden

Category Company
Founded 1924
Sector Metals/Mining
Employees7,500
Revenue 89.2B SEK (2024)
DESCRIPTION

Boliden is a metals company with a focus on sustainable development. The company's core competence is within the fields of exploration, mining, smelting, and metals recycling. Boliden was founded in 1924 and is based in Stockholm, Sweden.


Deal Context for Buyer #
Overall 2 of 2
Sector: Metals/Mining 2 of 2
Type: Divestiture 2 of 2
Country: Portugal 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-08 Altona Mining - Kylylahti Copper Mine

Helsinki, Finland

Boliden AB - Kylylahti Copper Mine includes the exploration rights and copper/nickel deposits in the Outokumpu field in eastern Finland.

Buy $95M

Seller Profile 1

SELLER

Lundin Mining

Vancouver, British Columbia, Canada

Category Company
Founded 1994
Sector Metals/Mining
Employees6,195
Revenue 3.4B USD (2024)
DESCRIPTION

Lundin Mining is a metals mining company. Lundin Mining was founded in 1994 and is based in Vancouver, British Columbia.


Deal Context for Seller #
Overall 1 of 1
Sector: Metals/Mining 1 of 1
Type: Divestiture 1 of 1
Country: Portugal 1 of 1
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-15 Yamana Gold - Chapada Mine

Brazil

Yamana Gold, Inc. - Chapada Mine is a gold mine, Chapada mine has estimated reserves of 6 million oz of gold and 3.8 million oz of silver.

Buy $1.0B

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