Lundin Mining said an agreement has been reached with the union at the Caserones mine in Chile’s Atacama Region and accepted by the majority of the union members through a vote. On August 12, one of the three unions representing approximately 30% of Caserones employees, or 5% of the total workforce at the mine, went on strike after not reaching…
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Lundin Mining buying 51% of JX’s Caserones
Canadian producer Lundin Mining confirmed it is acquiring a majority interest (51%) of JX Nippon Mining and Metals subsidiary SCM Minera Lumina Copper Chile, operator of the Caserones copper-molybdenum mine in the Atacama Region of Chile. The price tag on the deal is about $950 million, including $800 million in cash consideration and $150 million in deferred cash payable in…
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