Make Kitco Your Homepage

Mining News

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

Vladimir Basov

Kitco News

Editor's Note: Get caught up in minutes with our speedy summary of today's must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!

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.

By Vladimir Basov

For Kitco News

Contact info@minesandmetals.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.