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

LUNDIN MINING CORPORATION

(LUN)
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Lundin Mining : Workers at Candelaria copper mine in Chile 'divided' over contract sweetener -union chief

11/16/2020 | 11:52am EST

SANTIAGO, Nov 16 (Reuters) - A vote on a new contract for workers at Candelaria copper mine in Chile, operated by Lundin Mining Corp, will be fiercely contested amid ongoing divisions about whether to continue a four-week-long strike, a union chief said on Monday.

At the end of last week, the company submitted an improved proposal to the Candelaria union, whose members began the legal walkout on Oct. 20, prompting the company to suspend operations.

Evelyn Walter, president of the union, said one group of members were happy with the offer of $22,800 per worker for allocations and payments for the closing of negotiations, but another group wanted to push for concessions in other key aspects of the contract.

"This vote is divided," he told Reuters. "They modified some bonuses and things like that, but it's the lack of adjustment to the base salary that people are focusing on most."

The vote, which takes place on Tuesday, comes after Candelaria's Mine Union, on strike since Oct. 8, rejected an offer at the beginning of the month and maintained their own strike.

Candelaria produced 111,400 tons of copper in 2019. (Reporting by Fabian Cambero; writing by Aislinn Laing; editing by Chris Reese)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LUNDIN MINING CORPORATION -2.05% 11.45 Delayed Quote.1.33%
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Financials (USD)
Sales 2020 1 956 M - -
Net income 2020 98,3 M - -
Net Debt 2020 30,6 M - -
P/E ratio 2020 68,9x
Yield 2020 1,32%
Capitalization 6 616 M 6 617 M -
EV / Sales 2020 3,40x
EV / Sales 2021 2,32x
Nbr of Employees 4 170
Free-Float 86,8%
Chart LUNDIN MINING CORPORATION
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Lundin Mining Corporation Technical Analysis Chart | LUN | CA5503721063 | MarketScreener
Technical analysis trends LUNDIN MINING CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 9,85 $
Last Close Price 8,99 $
Spread / Highest target 31,2%
Spread / Average Target 9,60%
Spread / Lowest Target -21,3%
EPS Revisions
Managers and Directors
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
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