Boliden Completes Acquisition of Neves-Corvo and Zinkgruvan Mines

April 16, 2025

Boliden has completed its acquisition of the Somincor-Sociedade Mineira de Neves-Corvo (Neves-Corvo) copper-zinc mine in Portugal and the Zinkgruvan zinc mine in Sweden from Lundin Mining. The transaction consideration was USD 1.40 billion at closing (USD 1.30 billion upfront plus up to USD 150 million in commodity-price-linked contingent payments).

Buyers
Boliden
Targets
Somincor-Sociedade Mineira de Neves-Corvo, S.A. (Neves-Corvo), Zinkgruvan Mining Aktiebolag (Zinkgruvan)
Sellers
Lundin Mining
Location
Portugal
Transaction Type
Buyout

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