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Tuesday, February 12, 2008

Lundin Mining LUN.to LMC Merrill Lynch launched coverage with a buy rating and a $12 target.

"Lundin Mining climbed 20 cents to $8.27 after Merrill Lynch launched coverage on the Vancouver-based global mining company with a buy rating and a $12 target. Shares of Lundin have dropped by half since July and by 40 per cent since October as the commodity rally faded and traders worried over the licensing status of the Tenke copper mine in the Democratic Republic on Congo."

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