Chuquicamata workers to strike; supply issues pressure copper TCs down further

June 14, 2019 / www.metalbulletin.com / Article Link

Workers in unions 1, 2 and 3 of Codelco's Chuquicamata copper mine have rejected the company's most recent contract offer and plan to go on strike from Friday June 14, Codelco said on Wednesday June 12.

The strike is to begin during the first work shift on Friday after workers expressed their dissatisfaction with a 1.2% salary rise and a one-time benefits package - worth around $20,000 - without an offer for medical expenses and pensions. Codelco, the world's largest copper producer, has described the a "serious, responsible and realistic" offer as the best that it can make to avoid possible production disruption, given that supply of copper concentrates is tight this year. This is not the first trouble that the world's largest copper producer has met this year either. Earlier in June, the company's largest copper mine El Teniente had to partially halt following a fatal accident on Sunday June 2.The latest performance report showed that the company's copper output reduced by 14.4% year on year to 500,700 tonnes in January-April 2019 from...

Recent News

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com

Rise in gold stocks propels TSXV Mining

August 25, 2025 / www.canadianminingreport.com

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok