Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Lundin Mining Corporation    LUN   CA5503721063

LUNDIN MINING CORPORATION

(LUN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Lundin Mining : Chile´s Candelaria copper mine to suspend operations amid union strikes

10/19/2020 | 03:12pm EST

SANTIAGO, Oct 19 (Reuters) - Chile´s Candelaria copper mine, owned by Canada's Lundin Mining, announced it planned to suspend operations beginning Tuesday after two of its unions called on their workers to begin strikes.

In a statement late Sunday, the company said it made the decision to halt operations to ensure the safety of its workers.

"Given the constant blockades, the attacks on our staff and facilities that put the safety of our workers at risk... Candelaria has decided to suspend its operations as of October 20," the mine said in the statement.

Candelaria´s "Mine Union" began a strike on Oct. 8, while the "Candelaria Union" said it would walk off beginning Oct. 20. Both unions failed to reach agreement with management on new collective labor contracts.

The company reiterated in a statement its willingness to continue talks. The unions, however, have said the company has tried to impose its own conditions during the negotiations.

Mining Minister Baldo Prokurica in a statement on Monday encouraged both parties to reconvene to find a solution to the disagreement.

"I know this is difficult for them, and I think it is time to make a special effort," he said.

Several labor negotiations at mines in Chile have helped underpin the copper price in recent weeks, raising the stakes in talks between workers and management at several key deposits.

Candelaria is a relatively small mine. It produced 111,400 tonnes of copper in 2019 and had reached 74,200 tonnes as of August this year. (Reporting by Fabian Cambero; Writing by Dave Sherwood; Editing by Louise Heavens and Marguerita Choy)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LUNDIN MINING CORPORATION 5.29% 10.55 Delayed Quote.35.95%
All news about LUNDIN MINING CORPORATION
12/04LUNDIN MINING : Announces TSX Approval for a Normal Course Issuer Bid
AQ
12/03LUNDIN MINING CORPORATION : Ex-dividend day for
FA
12/01LUNDIN MINING : Provides Operational Outlook and Shareholder Returns Update
AQ
12/01Lundin Mining forecasts 2021 copper production to jump 25%
RE
11/30LUNDIN MINING : Provides Operational Outlook & Shareholder Returns Update
AQ
11/30LUNDIN MINING : Announces New Collective Agreement with Candelaria Mine Workers ..
AQ
11/30Copper sweeps to highest since March 2013, investors eye pause
RE
11/30Shanghai copper hits eight-year high on China data
RE
11/30Copper set for best month in 4 years on robust China manufacturing data
RE
11/27LUNDIN MINING : Announces New Collective Agreement with Candelaria Mine Workers ..
AQ
More news
Financials (USD)
Sales 2020 1 938 M - -
Net income 2020 90,5 M - -
Net Debt 2020 38,1 M - -
P/E ratio 2020 72,8x
Yield 2020 1,43%
Capitalization 6 057 M 6 050 M -
EV / Sales 2020 3,15x
EV / Sales 2021 2,25x
Nbr of Employees 4 170
Free-Float 86,8%
Chart LUNDIN MINING CORPORATION
Duration : Period :
Lundin Mining Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LUNDIN MINING CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 8,23 $
Last Close Price 8,25 $
Spread / Highest target 30,1%
Spread / Average Target -0,18%
Spread / Lowest Target -25,3%
EPS Revisions
Managers
NameTitle
Marie Inkster President, Chief Executive Officer & Director
Lukas Henrik Lundin Chairman
Peter Richardson Chief Operating Officer & Vice President
Jinhee Magie Chief Financial Officer & Senior Vice President
Stephen T. Gatley Vice President-Technical Services
Sector and Competitors
1st jan.Capitalization (M$)
LUNDIN MINING CORPORATION35.95%6 050
BHP GROUP6.63%144 498
RIO TINTO PLC21.03%121 445
ANGLO AMERICAN PLC16.66%41 244
GRUPO MÉXICO, S.A.B. DE C.V.54.80%31 741
FRESNILLO PLC77.37%11 302