The Canadian Press reported that Lundin Mining Corporation has decided against a purchase option agreement to acquire a majority interest in a Spanish copper project for USD 79 million.

The Toronto based miner said Tuesday it reviewed the Touro copper project in northern Spain and has determined the project wouldn't provide sufficient returns to make an investment economically viable.

Mr Paul Conibear president and CEO of Lundin said that "Despite the diligent efforts of our team and the co operation of the authorities, the local community and the owners of the Project, we unfortunately are not able to progress with the Touro project."

Source - The Canadian Press

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