mining (Page 3)

Lundin Mining raises stake in Caserones copper mine to 70% in C$350M deal

tifonimages/iStock via Getty Images Lundin Mining (OTCPK:LUNMF) +3.6% in Wednesday’s trading after saying it will exercise its option to increase its ownership of the Caserones copper and molybdenum mine in Chile to 70% by acquiring an additional 19% interest for C$350M. With the call option exercise, Lundin (OTCPK:LUNMF) will beContinue Reading

Alcoa, Freeport McMoRan raised at Morgan Stanley amid continued mining tailwinds (NYSE:AA)

Sean Gallup/Getty Images News Alcoa (NYSE:AA) and Freeport McMoRan (FCX) edge higher in Friday’s trading as Morgan Stanley upgrades shares to Overweight from Equal Weight with respective $50 and $62 price targets, saying the stocks have underperformed the broader market and are now reasonably priced. Morgan Stanley’s Carlos De AlbaContinue Reading