Chilean copper mining giant Codelco has signed an agreement with union leaders to end a national strike over the decision to shutter the troubled Ventanas copper smelter. The deal was reached after the government agreed to reinvest 30% of the state-owned firm’s profits from 2021-2024 back into its projects, with an aim to reduce borrowing requirements. Chilean Finance Minister Mario Marcel announced a $583m reinvestment plan for the miner this year. Last week, Codelco’s board of directors approved the closure of the copper smelter following the suspension of operations to undertake maintenance as reports emerged that ... (full story)