LUNDIN
MINING SUBSIDIARY SOMINCOR S.A. RECEIVES
"BEST COMPANY IN PORTUGAL"
AWARD FOR 2007
October 1, 2008 (TSX: LUN; OMX: LUMI, NYSE: LMC) Lundin Mining
Corporation ("Lundin
Mining") is pleased to announce that its wholly owned subsidiary, Somincor
S.A. ("Somincor" or the "Company"), which operates the
Neves-Corvo copper-zinc mine in southern Portugal, has been awarded Portugal's
"Best Company in Portugal" for 2007. This win represents the
third time that Somincor has received this prestigious award.
At a ceremony hosted by the business magazine EXAME in Lisbon, the
Managing Director of Somincor, Mr. John Andreatidis, accepted the award on the
behalf of the Company from the Minister of Economy and Innovation. In
attendance at the ceremony were senior executives from the leading companies in
Portugal.
Mr. Andreatidis, commented, "We are very pleased with the
recognition by the business community in Portugal
for the Company's ongoing improvements in the key performance indicators of our
business. Management continues to add
value to our organization, maintain Somincor�s competitiveness, further
mitigate risk and strengthen the Company's sustainable development program. We
recognize the hard work and commitment shown by all employees and the support
demonstrated by all other stakeholders during 2007."
About Lundin Mining
Lundin Mining Corporation is
a rapidly growing, diversified base metals mining company with operations in Portugal,
Spain, Sweden
and Ireland.
Lundin Mining currently has six mines in operation producing copper, nickel,
lead and zinc. In addition, Lundin Mining holds a development project
pipeline which includes the world class Tenke Fungurume copper/cobalt project
in the Democratic Republic of Congo and the Ozernoe zinc project in Russia
as well as major expansion programs at its Neves-Corvo and Zinkgruvan
mines. Lundin Mining holds an extensive exploration portfolio and
interests in international mining and exploration ventures.
On behalf of the Board,
Phil Wright
President
and CEO
For further information, please
contact:
Sophia Shane,
Investor Relations: 1-604-689-7842
Certain
of the statements made and information contained herein is
"forward-looking information" within the meaning of the Ontario
Securities Act or "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934 of the United
States. Forward-looking statements are subject
to a variety of risks and uncertainties which could cause actual events or
results to differ from those reflected in the forward-looking statements,
including, without limitation, risks and uncertainties relating to foreign
currency fluctuations; risks inherent in mining including environmental
hazards, industrial accidents, unusual or unexpected geological formations,
ground control problems and flooding; risks associated with the estimation of
mineral resources and reserves and the geology, grade and continuity of mineral
deposits; the possibility that future exploration, development or mining
results will not be consistent with the companies' expectations; the potential
for and effects of labour disputes or other unanticipated difficulties with or
shortages of labour or interruptions in production; actual ore mined varying
from estimates of grade, tonnage, dilution and metallurgical and other
characteristics; the inherent uncertainty of production and cost estimates and
the potential for unexpected costs and expenses, commodity price fluctuations;
uncertain political and economic environments; changes in laws or policies,
foreign taxation, delays or the inability to obtain necessary governmental permits;
and other risks and uncertainties, including those described under Risk Factors
Relating to the Company's Business in the Company's Annual Information Form and
in each management discussion and analysis. Forward-looking information is in
addition based on various assumptions including, without limitation, the
expectations and beliefs of management, the assumed long term price of copper
and zinc; that the companies can access financing, appropriate equipment and
sufficient labour and that the political environment where the Companies
operate will continue to support the development and operation of mining
projects. Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially
from those described in forward-looking statements. Accordingly, readers are
advised not to place undue reliance on forward-looking statements.