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LUMI - Lundin Mining News Story

SEK97.8 -0.5  -0.5%

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Basic Materials
Large Cap
Market Cap £6.14bn
Enterprise Value £6.52bn
Revenue £1.66bn
Position in Universe 120th / 1832

UPDATE 1-Workers at Lundin's Candelaria mine in Chile accept new agreement

Sat 21st November, 2020 5:09am
(Adds details from the company)
    Nov 20 (Reuters) - One of the unions on strike at Chile's
Candelaria copper mine accepted a 30-month collective agreement
from Lundin Mining Corp  LUN.TO  on Friday, the company said in
a statement.*:nCNWkxbWJa
    The Candelaria AOS Union, representing about 550 workers at
Lundin's Candelaria operations in Chile, accepted the last
formal offer, presented by Candelaria on Nov. 12, the company
    The company is assessing a resumption of partial operations
at the mine, while the other union, Candelaria Mine Workers
Union, representing about 350 workers, continues its strike.
    The proposal includes increases in allocations and payments
for closing the negotiations of 17.5 million pesos ($22,800),
the company had told Reuters.*:nL1N2HZ23K
    The Candelaria copper mine, owned by the Canadian miner,
announced plans to suspend operations at the mine on Oct. 20,
after the two unions called on their workers to begin strikes.

 (Reporting by Juby Babu in Bengaluru; Editing by Jacqueline
Wong; Editing by William Mallard)
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