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
- Industry
- Industrial Services
- Location
- Portugal
- Transaction Type
- Buyout
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