Company Directory - Lundin Mining Corporation
Company Details - Lundin Mining Corporation
Lundin Mining Corporation
WebsiteToronto, Canada
Lundin Mining is a mining company engaged in the exploration and production of base metals with interests in various mining operations worldwide.
CCI Score
CCI Score: Lundin Mining Corporation
-22.83
0.02%
Latest Event
Allegations of Labor Rights Abuse at Neves-Corvo Mine
Lundin Mining faced allegations of labor rights abuses related to occupational health and safety issues and unfair wages at its Neves-Corvo mine in Portugal on March 3, 2025. The company issued a response to these claims, drawing concerns about its treatment of workers and adherence to fair labor practices.
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ACCOMPLICE
Lundin Mining Corporation is currently rated as an Accomplice.
Latest Events
- MAR032025
Lundin Mining faced allegations of labor rights abuses related to occupational health and safety issues and unfair wages at its Neves-Corvo mine in Portugal on March 3, 2025. The company issued a response to these claims, drawing concerns about its treatment of workers and adherence to fair labor practices.
-60
Labor Relations and Human Rights Practices
March 26
Lundin Mining is accused of neglecting labor rights at its Neves-Corvo mine by failing to ensure proper occupational health and safety standards and by paying unfair wages. Such practices degrade worker well-being and align with problematic business practices that support oppressive economic structures. This behavior is concerning from an anti-fascist perspective as it undermines the ethical responsibility owed to workers.
Response from Lundin Mining - Business & Human Rights Resource Centre
- FEB242025
The trial in Sweden of former executives, alleged to be involved in war crimes during operations in Sudan, raises significant concerns about the company's ethical practices and economic collaboration in conflict zones. The incident highlights how business practices may indirectly support regimes responsible for human rights violations.
-80
Business Practices and Ethical Responsibility
March 26
The trial of former executives for complicity in war crimes underscores severe breaches in business ethics. These actions indicate that corporate decisions not only prioritized profit over human rights, but also likely involved oversight failures that contributed to a conflict environment, making the company's business practices deeply problematic from an ethical standpoint.
-70
Economic Collaboration
March 26
The exploitation of conflict areas for resource extraction, as evidenced by the operations in Sudan, suggests that there was economic collaboration that indirectly supported repressive regimes and contributed to the environment in which war crimes were committed. This rating reflects significant concerns regarding how the company’s economic activities may have bolstered authoritarian practices.
- FEB242025
Allegations and extensive legal proceedings reveal that Lundin Energy – closely associated with Lundin Mining – may have been complicit in war crimes during its operations in Sudan. The case highlights severe ethical lapses in business practices and potential economic collaboration with regimes involved in human rights abuses.
-80
Business Practices and Ethical Responsibility
March 26
The legal case against Lundin Energy centers on allegations that its operations in Sudan were linked to severe human rights abuses, including complicity in war crimes. The company's failure to take effective action to prevent these atrocities and subsequent attempts to deflect responsibility indicate deep ethical shortcomings in its business practices.
-70
Economic and Structural Influence
March 26
The case further implicates the company through its economic engagements in conflict zones that indirectly supported regimes involved in systemic violence. This economic collaboration raises serious concerns about the structural influence of the company's financial activities on regimes that perpetuate human rights abuses.
Sweden charges Lundin Energy executives with complicity in Sudan war crimes
- AUG242024
Lundin Mining Corp. workers in Chile accepted a new three-year contract, including a 2.5% salary increase, signing bonus, and additional incentives, ending a nearly two‐week strike and ensuring improved labor conditions.
+70
Labor Relations and Human Rights Practices
April 3
The resolution of an almost two-week strike through a new wage proposal and three-year contract indicates significant progress in improving labor conditions. The agreement, which includes a salary adjustment and bonus, supports workers’ rights and reinforces union strength, positioning the company as responsive to labor concerns. This action, from an anti-fascist perspective, is positive as it demonstrates commitment to fair labor practices.
- AUG122024
Report on worker strike at the Caserones copper mine due to a failed collective bargaining agreement, highlighting labor issues and worker dissatisfaction at Lundin Mining.
-40
Labor Relations and Human Rights Practices
March 26
The article details a worker strike at Lundin Mining's Caserones copper mine triggered by a failed collective bargaining agreement. This labor dispute underscores potential shortcomings in upholding fair labor practices and protecting workers’ rights. Such labor unrest is a red flag for business practices and ethical responsibility, raising concerns about the company's commitment to labor relations and human rights, which indirectly supports oppressive corporate practices.
- AUG122024
Lundin Mining provided an update on negotiations amid labor strike action at its Caserones mine in Chile, emphasizing its commitment to legal procedures, transparency, and respectful dialogue with union representatives.
+50
Labor Relations and Human Rights Practices
March 26
The article highlights Lundin Mining's commitment to upholding labor rights by engaging actively with union representatives during ongoing negotiations. Despite a strike action by one of the unions at the Caserones mine, the company’s willingness to engage in constructive dialogue and adhere to legal procedures demonstrates a positive stance towards worker rights and ethical labor practices, aligning with anti-fascist principles that prioritize fair labor relations.
Lundin Mining Provides Update on Labour Negotiations at its Caserones Mine
- AUG122024
On August 12, 2024, Lundin Mining provided an update on labor negotiations at its Caserones mine in Chile. The update noted that one of the three unions, representing about 30% of the mine’s workforce, had initiated a strike action. The company emphasized its commitment to following legal procedures, respecting employee rights, and engaging in constructive dialogue to resolve the dispute.
+40
Labor Relations and Human Rights Practices
April 3
Lundin Mining's proactive approach to labor negotiations, including its commitment to legal procedures, transparent dialogue, and respect for the rights of its employees, underscores a positive stance on labor relations. Despite the union strike action, the company's willingness to engage constructively suggests alignment with progressive, worker-friendly practices.
Lundin Mining Provides Update on Labour Negotiations at its Caserones Mine
- JUL102024
Lundin Mining published its 2023 Sustainability Report on July 10, 2024, detailing significant initiatives including improved safety management, enhanced tailings and emissions reduction practices, community investments, and steps toward stronger human rights and labor practices.
+70
Business Practices and Ethical Responsibility
April 3
The report emphasizes robust environmental stewardship, safety management, and community investments that reflect responsible business practices. These measures serve to strengthen the company's ethical standing and transparency, aligning with anti-authoritarian values by promoting accountability and social responsibility.
+60
Labor Relations and Human Rights Practices
April 3
The report details significant progress in labor practices and human rights, including a new human rights guideline, enhanced whistleblower systems, and improved board diversity. These developments demonstrate Lundin Mining's commitment to ethical treatment of workers and marginalized groups, promoting a positive, anti-authoritarian stance.
- NOV222023
The Lundin trial, which began with indictments in November 2021 and a significant judicial decision in November 2023, exposes allegations that senior executives were complicit in war crimes during operations in Sudan. The case highlights the company's ethical failures and financial maneuvers designed to shield it from reparations claims by victims of conflict-related abuses.
-80
Business Practices and Ethical Responsibility
March 26
The trial lays bare troubling evidence that Lundin executives engaged in unethical practices by facilitating deals with oppressive state actors to secure resource extraction rights. This has contributed to a serious disregard for human rights and a failure to ensure victims receive reparations, reflecting deep shortcomings in the company's ethical and business practices.
-70
Economic and Structural Influence
March 26
The case also underscores problematic financial strategies including asset forfeiture claims and mergers that appear designed to diminish corporate liability. Such maneuvers potentially enable the company to evade reparations and obscure financial responsibility, thereby reinforcing economic structures that facilitate authoritarian outcomes.
- SEP052023
A trial has begun in Stockholm involving two former executives allegedly complicit in war crimes during oil field operations in Sudan between 1999 and 2003. The proceedings, which have significant ramifications for corporate accountability in human rights abuses, are seen as a historic signal against corporate impunity.
-70
Public and Political Behavior
April 3
The trial highlights deeply problematic public and political behavior by former corporate leaders whose alleged complicity in war crimes undermines public trust and accountability. Such negative involvement in severe human rights abuses represents a serious breach of public ethical standards.
-80
Business Practices and Ethical Responsibility
April 3
Allegations that the company, through its former leadership, benefited from and facilitated war crimes during its oil extraction activities demonstrate severe breaches in ethical business practices. This highlights a systemic failure in upholding human rights and corporate social responsibility standards.
- JUN092023
Lundin Mining Corporation faced significant challenges as its Alcaparrosa copper mine in Chile was forced to stay closed due to a sinkhole and mounting labor disputes, leading to questions over its labor relations and environmental management practices.
-50
Labor Relations and Human Rights Practices
March 26
The article details how Lundin Mining's operations in Chile have been severely impacted by a sinkhole and ongoing labor disputes, leading to a suspension of operations. Such events raise concerns about the company's treatment of workers and adherence to fair labor practices, which are essential components of ethical business behavior. The prolonged operational suspension coupled with environmental mismanagement and labor unrest suggests a neglect of worker rights and safety, contributing negatively to the company's complicity in systemic practices that can bolster authoritarian tendencies by undermining labor rights.
- NOV112021
On November 11, 2021, the Swedish public prosecutor formally charged Lundin Energy’s chairman and former CEO with aiding and abetting war crimes in Sudan between 1999 and 2003. The charges allege that the company’s operations contributed to atrocities including civilian deaths, forced displacement, and other grave human rights abuses, despite the executives’ persistent denials and claims of promoting peace.
-70
Public and Political Behavior
April 3
The public and political behavior of Lundin Energy’s leadership is under intense scrutiny given the charges. The company's response—issuing statements denying the allegations while its executives face formal charges—reflects a problematic public stance that undermines trust and accountability, traits that are incompatible with anti-fascist and progressive standards.
-80
Business Practices and Ethical Responsibility
April 3
The allegations point to severe breaches in ethical business practices. The charges of complicity in war crimes—including facilitating environments that led to catastrophic human rights abuses—cast significant doubt on the company’s commitment to corporate social responsibility and ethical management, with profound implications for accountability.
- NOV012021
A report reveals that the mining industry, including companies like Lundin Mining Corporation, has been involved in significant political contributions. These donations, often funneled to political parties aligned with market deregulation and pro-corporate policies, risk undermining democratic processes and may indirectly support authoritarian practices.
-50
Political Contributions and Lobbying Efforts
March 26
The report highlights that over a ten-year period, the mining industry disclosed $16.6 million in political donations, with a large portion funneled to the Coalition and Liberal Party in Australia. Such contributions, which may include Lundin Mining Corporation's involvement by industry association, help bolster political influence in favor of policies that enable corporate deregulation and authoritarian tendencies. This kind of financial intermediation can be seen as undermining democratic accountability and promoting an environment conducive to fascist or authoritarian policy shifts.
The tip of the iceberg: Political donations from the mining industry
- SEP072020
Dispute with the union at Lundin Mining’s Candelaria copper mine intensifies as the union rejects the company’s latest offer, prompting a request for government mediation to avert a potential strike.
-40
Labor Relations and Human Rights Practices
March 26
The slow progress in negotiations and the union’s rejection of Lundin Mining's latest offer reflect poor labor relations and a disregard for worker rights at the Candelaria copper mine. The company's need to request government mediation indicates reactive measures under pressure, suggesting labor practices that contribute to an adversarial environment for organized labor.
Lundin Mining union in Chile says talks making 'slow progress'
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Corporate Financials
- Revenue
- 2022
- $1.64B
- Total Assets
- 2022
- $3.35B
- Operating Income
- 2022
- $600.00M
- Total Equity
- 2022
- $1.40B
Industries
- 212230
- Copper, Nickel, Lead, and Zinc Mining
- 331410
- Nonferrous Metal (except Aluminum) Smelting and Refining
- 541620
- Environmental Consulting Services
- 212234
- Copper, Nickel, Lead, and Zinc Mining
- 212299
- All Other Metal Ore Mining