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LUMI - Lundin Mining News Story

SEK102 1.0  1.0%

Last Trade - 12/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £6.24bn
Enterprise Value £6.62bn
Revenue £1.67bn
Position in Universe 118th / 1830

Chile's Candelaria Mine Workers Union accepts Lundin's new agreement

Fri 27th November, 2020 7:40pm
Nov 27 (Reuters) - A union on strike at Chile's Candelaria
copper mine has accepted a new 35-month collective agreement
from Canadian miner Lundin Mining Corp  LUN.TO , the company
said on Friday, following an over month-long walk-off at the
deposit.    
    The Candelaria Mine Workers Union represents about 350
workers at the Chilean copper mine.  urn:newsml:reuters.com:*:nCNWj0xmLa
    "The strike is effectively over," Lundin spokesman Mark
Turner said. 
    Lundin said the safe ramp-up of Candelaria, which produced
111,400 tons of copper in 2019, to full capacity is underway and
the company plans to reintroduce its 2020 guidance for the
operation within its annual outlook update next
week. urn:newsml:reuters.com:*:nL1N2I703H urn:newsml:reuters.com:*:nL1N2HA1FW
    The Candelaria copper mine, owned by the Canadian miner,
announced plans to suspend operations at the mine on Oct. 20,
after two unions called on their workers to begin strikes. 
    As part of the collective bargaining cycle, agreements have
been reached this year with all five unions representing
employees at the Candelaria Copper Mining Complex, Lundin Mining
said in a statement on Friday.

 (Reporting by Arunima Kumar in Bengaluru and Jeff Lewis in
Toronto; Editing by Devika Syamnath)
 ((Arunima.Kumar@thomsonreuters.com;))
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