April 2019
Lundin Mining Purchase the Chapada Mine
In April 2019, Lundin Mining Corporation announced it has entered into a definitive purchase agreement with Yamana Gold Inc. to purchase its 100% ownership stake in Mineração Maracá Indústria e Comércio S/A, which owns the Chapada copper-gold mine located in Brazil.
Lundin Mining Corporation have requested that MINEMAN add the Chapada mine onto the existing Lundin Mining MINEMAN system. The marketing team at Lundin Candelaria will operate the Chapada mine and manage copper concentrate sales using MINEMAN.
The project was phased to ensure management of sales commenced as soon as possible within the MINEMAN System.
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Phase 1 involved the configuration of contracts and invoices between Lundin Mining Corporation and third parties, this effort commenced in June 2019 and went live in August 2019
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Phase 2 included the finance module setup including standard and cash flow valuations and finance related reports, this effort commenced in September 2019 and went live in October 2019
The project continues MINEMAN Systems long term relationship with Lundin Mining Corporation.
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