'It's hard not to get excited when you see a blockbuster deal like that' - Adam Lundin on mining M&A

Big mining deals are going to bring needed attention to the mining sector and build more enthusiasm, noted Adam Lundin, chair of Lundin Group.

This week Adam spoke to Kitco Mining.

Earlier this month BHP Group announced a surprise takeover bid for Anglo American valued at over $31 billion.

"When you see blockbuster news like that, it's hard not to get excited," said Lundin. "I think M&A can be good for the sector, and I think it [brings] a lot of attention to the space and gets more eyeballs on it. Let's stay tuned and see how it plays out."

The Lundin Group's Lundin Mining (TSE:LUN) is up 62% year to date this year with a market cap of $13.6 billion thanks to a run in copper and other metals. The company is expected to produce between 366,000 to 400,000 tonnes of copper and between 155,000 to 170,000 ounces of gold in 2024.

Ludin Mining has a healthy pipeline. The Lundin's Josemaria project is to be developed as a large-scale open pit mining operation. As currently envisaged, over 1 billion tonnes of ore will be mined at average diluted head grades of approximately 0.30% copper, 0.22 g/t gold and a strip ratio of 0.98 over a 19-year mine life.

00:00 Welcome and Introduction to the Hottest Copper Exploration District
00:22 The Rising Copper Market: Prices and Predictions
01:28 Exploring the Vicuña District: Lundin Group's Vision and Strategy
02:16 The Impact of Drilling Success and Future Plans
05:08 Lundin Mining's Advanced Projects and Development Path
07:52 Strategic Developments and Fiscal Stability in Argentina
11:57 BHP's Strategic Investment and M&A in the Mining Sector
14:35 Transition and Leadership: The Lundin Family Legacy
15:52 Expanding into Africa: Montage Gold's New Venture
18:30 Corporate Actions and Future Strategies in the Lundin Group
24:33 Looking Forward: The Lundin Group's Vision for the Future
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