⁍ The deal would ‘surely’ be announced ahead of the legal deadline for the negotiations of Oct. 30 and that the new contract would take effect November 1.
⁍ The talks at Collahuasi were widely seen as the most sensitive of 2020 in top copper producer Chile.
⁍ The deal would ‘surely’ be announced ahead of the legal deadline for the negotiations of Oct. 30 and that the new contract would take effect November 1.
– A strike by workers at one of Chile’s largest copper mines appears to have been averted. Sources tell Reuters that management and the union at the Collahuasi mine, a partnership between Glencore and Anglo American with Japanese firms, have reached an agreement in labor talks and a new contract will take effect Nov. 1. The negotiations at Collahuasi—which produced 565,400 tons of copper in 2019—were widely seen as the most sensitive of 2020 in Chile, both because of the size of the union involved and the mine’s importance to the country’s total output. “There is a good atmosphere … the issue has been settled,” a source tells Reuters, adding that the deal would “surely” be announced ahead of the legal deadline for negotiations of Oct. 30 and that the new contract would take effect. Copper prices have been supported recently by concern about potential strikes in Chile. A union of workers at Lundin Mining’s much smaller Candelaria copper mine in Chile walked off the job on Thursday after talks broke down earlier this week. BHP’s Escondida copper mine, the world’s largest, is also looking to cement a deal with a union of supervisors. Collahuasi is one of Chile’s largest mines.
Source: https://www.reuters.com/article/chile-copper/union-at-chiles-collahuasi-copper-mine-agrees-to-labor-deal-strike-threat-averted-source-idUSL1N2H0191