New labor agreement reached at Caserones

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 ups Caserones ownership to 70%

Lundin Mining said it has opted to exercise its option to acquire an additional 19% interest in its equity position for SCM Minera Lumina Copper Chile, or Lumina Copper, owner of the Caserones copper-molybdenum mine in Chile. The deal with JX Advanced Metals Corporation carries a price tag of $350 million. Closing is expected on or around 2 July. The…

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Lundin reports death at Neves-Corvo

Diversified Canadian miner Lundin Mining has reported a fatality at its Neves-Corvo mine in Portugal on February 12. An employee was involved in a fall of ground accident while operating a piece of equipment underground.  “We are deeply saddened by this tragic incident. Our sincere thoughts and support are with our colleague’s family and coworkers during this difficult time,” said…

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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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Minera Ojos del Salado sinkhole to be filled: report

A large mystery sinkhole that developed in July at Lundin Mining’s Minera Ojos del Salado operation in Chile will be filled in as it also continues to pump out water that has seeped into the mine, according to a company official. A senior executive for a local unit, Luis Sanchez, told Reuters that an investigation is in the “decisive stages”…

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Operator to blame for sinkhole: Chile minister 

Chile’s Minister of Mining Marcela Hernando said during the agency’s investigation into a sinkhole that has formed at Lundin Mining’s Chilean unit Ojos del Salado that the event was caused by “overexploitation” and excessive mining at the site. Work is continuing to determine the origin of cracks close to the subsidence and any potential impact to an aquifer near the…

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Sinkhole stops operations at Lundin’s Minera Ojos del Salado

Officials from Chile’s National Geology and Mining Service agency Sernageomin has ordered the suspension of operations at Lundin Mining’s Minera Ojos del Salado complex after a sinkhole developed at the Alcaparrosa underground copper mine, part of the Candelaria operation. The sinkhole, which has most recently measured 50 meters in diameter and 200 meters deep but appears to be stable, has…

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