Lundin Mining's Eagle Project has just received a cash infusion to finish construction at the mine.
According to Lundin, they've secured a $250 million loan. This new deal also extends the credit agreement for $350 million to four years. Both financial sources were necessary to acquire and complete the Eagle Project mine.
The terms of this agreement will be finalized within a month.
Lundin says mine production at the Eagle Project should get underway in the fourth quarter of 2014.