LUNDIN MINING CORP. (LMC)

I took a new position today in Lundin Mining Corp. (LMC). They are buying up mines at a rapid pace and appear to be under the radar of most analyst's. Purchase price was $13.40.

Lundin Mining Corporation, through its subsidiaries, engages in the exploration, extraction, and processing of base metal, silver and gold mining, and mineral exploration properties in Sweden, Ireland, Portugal, Spain, Eritrea, Iran, and Canada. The company produces zinc, lead, and silver at the Zinkgruvan Mine located in the southwest of Stockholm, Sweden. It also owns the Galmoy Mine in Country Kilkenny, Ireland; the Neves-Corvo copper mine in Portugal; the Aljustrel mining license and operating permits and the assets of the Aljustrel mine; and Storliden zinc/copper mine and the Norrliden copper/zinc/silver deposit located in Sweden. In addition, the company has interests in the exploration permits located in Norrbotten County in northern Sweden covering an area of approximately 97,000 hectares; 20% back-in right with respect to certain claims in NP Project in northern Finland; 38% interest in the Mehdiabad zinc-lead deposit in Iran; and 100% of the Akie zinc-lead property in northeastern British Columbia. Further, the company has an option to acquire 100% interests in Rakkurijarvi discovery and other prospects in the Norrbotten district of Sweden. Lundin Mining has strategic partnerships with Sunridge Gold Corporation, Sanu Resources, Ltd., and Mantle Resources, Ltd. The company was incorporated in 1994 under the name South Atlantic Diamonds Corp. and changed its name to South Atlantic Resources, Ltd. in 1996. Further, it changed its name to South Atlantic Ventures, Ltd. in 2002 and to Lundin Mining Corporation in 2004. The company is headquartered in Stockholm, Sweden.