LUNMF - Lundin's Candelaria mine workers nix new contract offer

Workers at the 111K metric tons/year Candelaria copper mine in Chile have rejected Lundin Mining's (LUNMF) latest wage offer, the AOS union president tells Bloomberg, extending a strike that began Oct. 20.The company submitted a new proposal last week that included an increased signing bonus to 17.5M pesos ($22,900) per worker while offering benefits that continued to fall short of some workers' demands.Chile is entering into a busy period of collective bargaining at a time of strong Chinese demand that has copper at its highest price in more than two years.ETFs: [[COPX]], [[JJCTF]], [[CPER]], [[JJC]]

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Lundin's Candelaria mine workers nix new contract offer