Cerro Verde labor talks continue with majority of workers having signed

October 22, 2021 / www.metalbulletin.com / Article Link

Negotiations for a new collective labor agreement (CLA) at the Cerro Verde copper mine in Peru are ongoing, with around 65% of hourly workers having signed new contracts as of the end of September, according to US copper producer Freeport-McMoRan.

The company, which owns a 53.56% stake in Cerro Verde, said the CLA expired on August 31 and that ongoing talks may result in additional charges to the mine's shareholders. 

SMM Cerro Verde Netherlands BV, a subsidiary of Sumitomo Metal Mining Company, owns...

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