Lundin Mining (LUN.TO) said that it had rejected proposals from suitors for the sale of all or part of the company as being inadequate and that Chief Executive Phil Wright would resign in a month, ending a three-month review of its alternatives. Paul Conibear, who has been Lundin's senior vice president, corporate development since October 2009, is to take charge as interim CEO from June 30 until a successor is found, the diversified metals miner said in a statement. Lundin said Wright's resignation was part of his plan to retire this year. Wright has held the top post since January 2008. The miner said it would continue to develop its assets and look for growth opportunities after various non-binding expressions of interest were deemed to inadequately value the company and its assets.
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