trending Market Intelligence /marketintelligence/en/news-insights/trending/YM587XS4LGP83y1M0CewLQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Lawsuit seeks C$175M in damages from Lundin Mining over Candelaria landslide

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


Lawsuit seeks C$175M in damages from Lundin Mining over Candelaria landslide

Strosberg Sasso Sutts LLP and Groia & Co. Professional Corp. filed a proposed class action lawsuit against Lundin Mining Corp. and some of its officers and directors in the Ontario Superior Court of Justice.

The legal action seeks C$175 million in damages for negligent misrepresentation and liability for secondary market disclosure pursuant to Ontario's Securities Act.

The lawsuit alleges that the defendants failed to disclose the instability, evacuation and subsequent rock slide at the company's Candelaria copper mine in Chile.

The company in a Nov. 29 release said that it reduced Candelaria's attributable copper production guidance by 20% to between 104,000 and 109,000 tonnes in 2018 due to an Oct. 31 landslide incident at the mine.

Following the release of this information, the price of Lundin securities dropped significantly, causing substantial damage to holders of the securities, the complaint alleges.

The legal action has been filed on behalf of the purchasers of the company securities for the period between Oct. 25 and Nov. 29.