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Lundin Mining Agrees to Sell Interest in Tenke Copper Project for $1.136 Billion

As reported in The Wall Street Journal  and other media outlets, Paul, Weiss client Lundin Mining Corporation announced that it has agreed to sell its indirect interest in the Tenke copper project in the Democratic Republic of Congo to an affiliate of Chinese private equity firm BHR Partners and China Merchant Bank for $1.136 billion in cash and a contingent consideration of up to $51.4 million. The transaction is expected to close in the first half of 2017.

The Paul, Weiss team included corporate partner Adam Givertz; litigation partners Charles Davidow and Andrew Gordon; and tax partner David Sicular.

November 15, 2016

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