Chile miner Codelco seals early contract deal with Ministro Hales union

SANTIAGO (Reuters) - Chile's state copper miner Codelco said on Wednesday it has reached an early contract agreement with the Ministro Hales workers union.

The new three-year contract will take effect in December.

Union negotiations at Chilean copper mines are being closely watched by analysts and investors since a strike last month at BHP's Escondida, the world's largest copper mine, which resulted in an improved bonus for workers.

Codelco said in a statement the deal is based on ensuring worker safety and the sustainability of the business for the coming decades. It did not detail the specific terms.



The Ministro Hales division produced 126,000 metric tons of copper in 2023.

Unionized workers at Codelco's El Teniente complex are also scheduled to negotiate new collective contracts this year.

Source: Investing.com

Последние публикации
ME conflict remains at risk of escalation, oil and gold can help hedge risk
24.11.2024 - 11:00
Factbox-Takeaways from the COP29 climate summit in Azerbaijan
24.11.2024 - 04:00
Trump picks Brooke Rollins to be agriculture secretary
23.11.2024 - 23:00
Canada's Trudeau condemns violent protests as NATO meets in Montreal
23.11.2024 - 21:00
Trump expected to pick Brooke Rollins to be agriculture secretary, WSJ reports
23.11.2024 - 19:00
Citi simulates an increase of global oil prices to $120/bbl. Here's what happens
23.11.2024 - 12:00
Natural gas prices outlook for 2025
23.11.2024 - 11:00
Russia's claim of emissions in annexed Ukraine regions draws protests at COP29
23.11.2024 - 06:00
Oil prices settle up 1% at 2-week high as Ukraine war intensifies
22.11.2024 - 22:00
COP29 climate summit overruns as $250 billion draft deal stalls
22.11.2024 - 21:00
Oil prices climb 1% to two-week high as Ukraine war intensifies
22.11.2024 - 20:00
Oil prices edge up to 2-week high as Ukraine war intensifies
22.11.2024 - 19:00
COP29 climate summit overruns as $250 billion draft deal flops
22.11.2024 - 17:00
Indian opposition parties deny any wrongdoing linked to Adani bribery allegations
22.11.2024 - 17:00
Oil prices head for weekly gain on Russia-Ukraine tensions
22.11.2024 - 16:00

© Analytic DC. All Rights Reserved.

new
Анализ рынка Как повлият завтра отчет NFP на курс доллара США?