Workers begin strike at Chile's sprawling Chuquicamata copper mine | Metals Mine

  • Workers begin strike at Chile's sprawling Chuquicamata copper mine

    From reuters.com

    More than 3,000 unionized workers at Codelco’s sprawling Chuquicamata copper mine walked off the job early Friday morning after failing to reach a labor deal earlier this week with Codelco, the world’s top producer of the metal. Chuiquicamata unions 1, 2, and 3 rejected a contract offer from the state miner on Wednesday, saying it did not meet key demands, including an adequate health care plan, fair treatment of workers and retirement benefits. The three unions represent 80% of the mine’s workforce. Union leaders told reporters the strike kicked off with the first shift of the morning at 5 a.m. local time ... (full story)

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bulltrap
Jun 14, 2019 2:22pm
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Chuquicamata... what a wonderful phrase! 🦁
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EventsTrader
Jun 14, 2019 1:30pm
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China’s industrial output growth slowed to a more than 17-year low of 5% in May. US-China trade disputes expected to last through the summer, maybe until Autumn. Copper demand will continue to take a beating until China's growth gets back on track. Supply side disruptions look like the only thing supporting copper prices right now. If this strike gets more serious and news comes out that they can't negotiate, nothing else would matter. Copper prices could rally on the mining strike regardless of anything else. I'd expect the two sides to come to a resolution soon though.
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perma-bull
Jun 14, 2019 3:57pm
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Quoting bulltrap
Chuquicamata... what a wonderful phrase! 🦁
so is lake titicaca!
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