March 3 (Reuters) - Lundin Mining Corp LUN.TO :
* Announces agreement to acquire interest in high grade copper/gold project
from Freeport
* Says total consideration of up to $262.5 million
* Entered agreement with affiliate of Freeport McMoRan-to purchase interest in
freeport's stake in the timok project located in Serbia
* Says timok project is currently held 55% by Freeport and 45% by reservoir
* Says as part of deal, Lundin will be appointed as operator of the timok
project until the occurrence of certain events
* Says total consideration is payable in stages upon the achievement of key
development milestones
* Source text for Eikon ID:nMKWgMTZ1a
* Further company coverage LUN.TO