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Lundin Mining Corp
Symbol LUN
Shares Issued 733,692,965
Close 2020-11-16 C$ 9.14
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FP/wire say Lundin sees Chilean workers rejecting offer

2020-11-16 09:22 ET - In the News

The Financial Post reports in its Saturday, Nov. 14, edition that Candelaria copper mine workers in Chile are leaning toward rejecting Lundin Mining's latest wage offer, signalling that a strike will extend into a second month. A Bloomberg dispatch to the Post reports that management presented a new proposal to the AOS union on Thursday that included a signing bonus of 17.5 million pesos ($22,800 (U.S.)) per worker. The monetary aspects of the offer have improved, but benefits continue to fall short of demands, AOS president Evelyn Walter said. There is also a gap between what underground and open-pit workers earn that needs to be addressed, she said. Given Lundin's proposal was a formal offer, the union is obliged under Chilean labour laws to hold a vote. That will take place on Tuesday. Ms. Walter says, "The trend for now among members is rejection." The union's 500-plus members have been on strike since Oct. 20, with the mine largely halted since, although one processing plant continues to operate. Another smaller union has also walked. Union leaders accuse management of intransigence, while Lundin has condemned a series of roadblocks during the strike. Tensions flared earlier this year over staff cuts.

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