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Lundin Mining: Somincor Receives Award “Best Company in Portugal” For 2006

Friday, September 28th, 2007

Lundin Mining Corporation is pleased to announce that its wholly owned subsidiary Somincor, which operates the copper-zinc mine Neves-Corvo in southern Portugal, has been awarded Portugal’s most prestigious award of “Best Company in Portugal” for 2006.
At a ceremony hosted by the business magazine EXAME last Monday evening in Lisbon, the President of Somincor, Mr. João Carrêlo, received this highly coveted business award from the Minister of Economy and Innovation and in the presence of executives from leading companies in Portugal.
The criteria that the magazine uses to rate companies annually include: sales performance, growth in net profit, increase in asset value and shareholders’ equity, gross added value, solvency and financial position.
Mr. João Carrêlo who is also Executive Vice President and Chief Operating Officer of Lundin Mining, referred to the award as “deserved recognition by the business community in Portugal for Somincor’s splendid improvements in the key performance indicators of our business. Management has been successful in taking advantage of favorable exogenous factors to add value to our organization, maintain Somincor’s competitiveness, further mitigate risk and strengthen the sustainable development programme. We recognize the effort and commitment shown by all employees and the support demonstrated by all other stakeholders during 2006. Somincor is dedicated to continue to move from strength to strength.”

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