Lundin Mining shuts Candelaria copper operation in Chile due to rain

Wed Mar 25, 2015 5:43pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

NEW YORK, March 25 (Reuters) - Lundin Mining Corp has shut its Candelaria copper mining operation in Chile "as a precaution" due to heavy rains that have flooded roads and caused power outages, a spokesman said on Wednesday.

"It's impossible to predict when we may be up and running. We are actively monitoring the situation," he said.

The operation, which consists of an open-pit and underground mine and a concentrator, is forecast to produce about 170,000 tonnes this year.

Toronto-based Lundin owns an 80 percent stake in the operation, with Japanese industrial giant Sumitomo Corp holding the remaining 20 percent. (Reporting by Josephine Mason; Editing by Alan Crosby)