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Basic Materials
Size
Large Cap
Market Cap £6.59bn
Enterprise Value £6.98bn
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Candelaria copper mine in Chile sweetens offer to striking union

Fri 13th November, 2020 6:41pm
By Fabian Cambero
    SANTIAGO, Nov 13 (Reuters) - Chile´s Candelaria copper mine,
owned by Canada's Lundin Mining Corp  LUN.TO , said on Friday it
had offered an improved contract deal to one of two unions on
strike at the deposit in a bid to re-start production.
    The mine shut operations on Oct. 20 after members of the
Candelaria Union walked off the job, joining the company's Mine
Union, which had begun a strike 12 days before. 
    The latest offer is aimed at the Candelaria Union. The Mine
Union rejected a topped-up offer from the firm in early
November, prolonging a strike which now stands at 36 days. 
    "This proposal includes increases in allocations and
payments for the closing of negotiations of 17.5 million pesos
(about $22,800)," the company said in a statement sent to
Reuters.
    The mine said the new deal had taken into account both the
concerns of the union and the new social economic scenario both
locally and internationally.
    The union must vote on the proposal by Tuesday, Nov. 17.
    Candelaria produced 111,400 tons of copper in 2019.

 (Reporting by Fabian Cambero, writing by Dave Sherwood; Editing
by Cynthia Osterman)
 ((dave.sherwood@thomsonreuters.com; +56 9 9138 1047, +56 2 2370
4224; Reuters Messaging:
dave.sherwood.thomsonreuters.com@reuters.net))
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