Lundin reaches new deal with Candelaria Mine Workers Union

30 November 2020 (Last Updated November 30th, 2020 12:32)

Canadian base metals miner Lundin Mining has announced that its ‘Candelaria Mine Workers Union’ endorsed a new 35-month collective agreement from the company.

Lundin reaches new deal with Candelaria Mine Workers Union
In November 2014, Lundin Mining acquired an 80% ownership stake in Candelaria from Freeport-McMoRan. Credit: Lundin Mining Corporation.

Canadian base metals miner Lundin Mining has announced that its ‘Candelaria Mine Workers Union’ endorsed a new 35-month collective agreement from the company.

The Candelaria Mine Workers Union represents about 350 workers at the company’s Candelaria operation in Chile.

Located in Chile’s Atacama Region, the Candelaria copper mining complex comprises two adjacent copper mining operations, Candelaria and Ojos del Salado.

The Canadian firm reported that the resumption of operations with full capacity at the copper mine is now currently underway.

Furthermore, Lundin plans to reintroduce 2020 guidance for the Candelaria operation within its annual guidance and intends to issue outlook update next week.

In a press statement, Lundin stated: “Candelaria is committed to responsible, respectful, and fair negotiations with the best interests of our workers and the sustainability of our business in mind.

“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.”

Recently, Candelaria Supervisors and LMC Supervisors Unions endorsed new 32-month collective agreements from the company.

The Candelaria copper mine announced plans to halt operations at the mine on 20 October after the unions called on their workers to start a strike action.

In November 2014, Lundin Mining acquired an 80% ownership stake in the Candelaria and Ojos del Salado copper mining operations for $1.8bn from Freeport-McMoRan.

Primarily producing copper, zinc, gold and nickel, Lundin has operations in Brazil, Sweden, Chile, Portugal and the US.