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Copper Union Digs In for Just Reward at Antofagasta's Prize Mine

Copper Union Digs In for Just Reward at Antofagasta’s Prize Mine
Bloomberg
1/27/2021
James Attwood
(Bloomberg) If initial exchanges are any gauge, wage negotiations at Antofagasta Plc’s top copper mine will be tough, giving traders of the metal plenty to ponder in a tight market.
The company owned by Chile’s richest family managed to escape strikes at two of its other mines last year with eleventh-hour wage deals that included signing bonuses of more than $20,000 for each worker. The stakes are higher at Los Pelambres, Antofagasta’s prize asset.
Management and union representatives are preparing to sit down at the negotiating table after each side delivered an initial proposal. Union leaders weren’t impressed, saying the offer is out of whack with the mine’s status as the group’s biggest, lowest-cost and most profitable operation. ....

Los Pelambres , Antofagasta Plc , Bloomberg Spot , அண்டோபாகஸ்த ப்ல் , ப்ளூம்பெர்க் ஸ்பாட் ,

Copper Output May Suffer If Pandemic Drags On, Chile Group Says

Copper Output May Suffer If Pandemic Drags On, Chile Group Says
Bloomberg
1/21/2021
James Attwood
(Bloomberg) Top copper producer Chile managed to navigate the pandemic disruptions that stalled mining in other countries, churning out more metal last year than in 2019.
That helped keep Chinese refineries supplied at a time of market tightness and high prices. But while Chile is well prepared to operate through a second wave of infections, eventually output could suffer, according to a group representing industry heavyweights.
Mines such as BHP Group’s Escondida and those run by state-owned Codelco are reinstating restrictions used in the initial phase of the pandemic such as demobilizing some workers and asking others to work remotely to safeguard staff and maintain operations as infection rates rise in Chile. They can do that by delaying non-essential activities such as maintenance and earthwork preparations. ....

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