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Lundin Mining reaches deal with Candelaria mine workers union, operations ramping up

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Image credit: Lundin Mining.

(Kitco News) - Lundin Mining (TSX: LUN) (Nasdaq Stockholm: LUMI) announced today the Candelaria mine workers union, which represents approximately 350 workers at its Candelaria operation in Chile, has ratified a new 35-month collective agreement.

The safe ramp up of Candelaria to full capacity is now underway. The company intends to reintroduce 2020 guidance for the operation within its annual guidance and outlook update to be issued next week.

The Candelaria copper mining complex comprises two adjacent copper mining operations, Candelaria and Ojos del Salado, that produce copper concentrates from an open pit and underground mines. The complex is indirectly owned by Lundin Mining (80%) and Sumitomo (20%), with Lundin Mining having acquired its ownership from Freeport-McMoRan Inc. in 2014.

Lundin Mining is a diversified Canadian base metals mining company with operations in Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.

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