Lundin shares under pressure with appointment of founder s son as next CEO mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Lundin Mining Corporation (TSX:LUN) shares were down after the mining company announced Jack Lundin as its new CEO. Lundin is the son of the company’s late.
The President put much store into a scheme intended to add value to diamond sales, but the dream seems to be turning sour, The Botswana government s ambitious plan to sell part of its huge rough diamond output have been dealt a hammer blow by the implosion of its selected sales partner, the privately-owned cutting and polishing firm HB Antwerp, after the Belgian-Israeli founder of the firm, Oded Mansori, was ousted as chief executive in September. The proposed sales deal between HB Antwerp and Botswana remains under review despite the Belgian company announcing Mansori s reinstatement on 2 October.