🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Chile's Antofagasta, Zaldivar mine workers extend contract talks to avoid strike

Published 07/23/2020, 12:41 AM
Updated 07/23/2020, 12:45 AM
© Reuters.
ANTO
-
HG
-
GOLD
-

By Fabian Cambero

SANTIAGO (Reuters) - One of the world's largest copper producers, Chilean miner Antofagasta (LON:ANTO), and workers at its Zaldivar mine decided to extend government-mediated talks for a new union contract and avoid a strike, a union source said on Wednesday night.

The workers at the mine entered mediation with the government over salaries and benefits on July 15, in a last-ditch bid to stave off a strike amid a coronavirus outbreak in the South American nation.

"Mediation was extended to see the results of the assemblies," the source told Reuters, referring to workers' meetings to discuss a company proposal.

Antofagasta declined immediate comment.

Chilean law allows the workers and the company to extend talks again after five days of mediation if an agreement is not reached.

Zaldivar, which is co-owned by Barrick Gold Corp (TO:ABX), accounts for about 2% of Chile's annual copper production.

 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.