Lundin pays US$325 million for Rio Tinto's Eagle Mine

Rio Tinto (NYSE:RIO) is unloading its half-completed underground nickel/copper mine in northern Michigan to Lundin Mining (TSX:LUN) for US$325 million. The Eagle Mine was discovered by Rio Tinto in 2002. After completing a feasibility study in 2007, construction started in 2010. Production...