Strike averted at Chile's Zaldivar copper mine

Jul. 25, 2020 10:15 PM ETAntofagasta plc (ANFGF), GOLD, COPX, JJCTF, CPER, JJC, ABX:CAGOLD, JJCTF, ANFGF, COPX, CPER, JJCBy: Carl Surran, SA News Editor
  • The union of workers at Chile's Zaldivar copper mine in Chile reach a contract deal with operator Antofagasta (OTC:ANFGF), averting a potential strike, Reuters reports.
  • Zaldivar, a 50-50 joint venture with Antofagasta and Barrick Gold (NYSE:GOLD), produced 58.1K metric tons of copper in 2019, up 23% Y/Y due mainly to higher grades.
  • The workers at the mine had entered mediation with the government over salaries and benefits on July 15, after workers had approved a strike and rejected a contract offer.
  • Supervisors at Antofagasta's Centinela copper mine in Chile also voted recently in favor of strike action after rejecting a pay offer.
  • ETFs: COPX, JJCTF, CPER, JJC

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