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Lundin granted extension to decide on Tenke Fungurume buyout

Canadian base metals company Lundin Mining has been granted an extension to September 15 to decide if it wants make an offer to buy Freeport McMoran’s stake in TF Holdings, which owns 80% of the Tenke Fungurume copper mine in the Democratic Republic of Congo. Freeport holds a 70% stake in TF Holdings, with Lundin owning the balance.