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Lundin Mining to Sell Interest in Kokkola Cobalt Refinery
- Client News
- May 24, 2019
Practices
Paul, Weiss is advising Lundin Mining Corporation in its agreement, alongside Freeport-McMoRan Inc., to sell Lundin Mining’s joint venture interests in a cobalt refinery in Kokkola, Finland and the related cobalt cathode precursor business to Umicore N.V. for approximately $150 million in cash, plus working capital at closing. The transaction, which is subject to customary closing conditions, is expected to close by year-end.
The Paul, Weiss team included corporate partner Adam Givertz.