Midnight Sun Mining Corp V.MMA

Alternate Symbol(s): MDNGF

Midnight Sun Mining Corp. is a Canada-based company, which is focused on exploring its flagship Solwezi Project, located in Zambia. Its property is situated in the heart of the Zambia-Congo Copperbelt. It holds a 60% interest in two mineral prospecting licenses, 21509-HQ-LEL and 12124-HQ-LPL, the Solwezi Licenses, which are held by a subsidiary of Kam Chuen, Zambian Highlight Mining Investment Limited. Its properties comprise 506 square kilometers of prospective geology contiguous to the mine license held by First Quantum Minerals, which includes the Kansanshi Mining Complex. Its target areas include Dumbwa, Mitu, Kazhiba (22 Zone) and Crunch Zone. Dumbwa is a Tier-One exploration target, featuring a remarkable copper soil anomaly. Mitu is a target area located in the southwestern portion of its Solwezi Project. Crunch Zone is situated between the Kazhiba Dome in the northwest and the Solwezi Dome in the southeast. Kazhiba is located 20 kilometers northwest of the Solwezi Dome.

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Midnight Sun Mining Corp > Worlds' Largest Copper mine on the brink of strike action...

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Post by Magnum2on Nov 16, 2022 11:07pm

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Post# 35105596

Worlds' Largest Copper mine on the brink of strike action...

this couldn't tighten up the Copper price in a hurry, let's see how it plays out...

Chile's Escondida mine workers announce strike amid labor demands

Reuters Tuesday November 15, 2022 14:46

SANTIAGO, Nov 15 (Reuters) - Workers of Chile's Escondida mine, the world's largest copper mine, decided to go on strike on Nov. 21 and 23 due to labor demands, their union said on Tuesday.

Members of the union, Sindicato 1, had threatened to strike in early September as they expressed concerns over security in the mine, which led to inspections by government authorities.

Union members will stop operations in all their shifts during the strike but will provide minimum services, Sindicato 1, which represents more than 2,000 workers, said in a statement.

Infractions by Minera Escondida, which manages the mine and is controlled by BHP Group , have continued, with the company failing to adopt preventive measures despite security incidents, like fires, the union said in the statement.

The union said it notified the company of the strike.

Minera Escondida has denied the union's accusations.

The mining company and the union have faced off before, including in 2017, when workers went on strike for more than 40 days.

(Reporting by Fabian Cambero; Editing by Anthony Esposito and Leslie Adler)

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