https://newsletter.mw.creamermedia.com
Business|Copper|Safety
Business|Copper|Safety
business|copper|safety

Codelco seals early union deals at El Teniente and Ministro Hales

El Teniente

El Teniente

12th September 2024

By: Reuters

  

Font size: - +

SANTIAGO  - Chile's state copper miner Codelco said on Wednesday it reached early contract agreements with unions at its major El Teniente complex, as well as the Ministro Hales division.

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.

The agreements at El Teniente, one of Codelco's biggest units, encompassed talks with five unions, representing nearly 3 150 workers. The new contract will take effect November 1 and last through 2027.

Andres Music, general manager of El Teniente, said the deal will introduce new labor practices that are poised to increase the company's productivity.

"Codelco appreciates the climate of dialogue and understanding in which the negotiations were carried out," the company said in a statement, noting that it sought to balance business variables and safety with incentives and benefits for workers.

At Ministro Hales, a smaller division that produced 126 000 metric tons of copper last year, the new three-year contract will take effect in December.

Codelco did not detail the specific terms for either mine site.

Edited by Reuters

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.226 0.309s - 144pq - 2rq
Subscribe Now