- Write by:
-
Monday, October 2, 2023 - 20:56:14
-
184 Visit
-
Print
Mining News Pro - Chilean state-owned mining group Codelco said on Monday it had reached an early collective agreement with the supervisors’ union at its Radomiro Tomic mine, which accounts for more than a fifth of its copper output.
The company said in a statement that the deal, which starts in December and spans 36 months, includes goal-based and productivity incentives as well as “quality of life” benefits for supervisors, but did not provide specifics.
Nearly 90% of union members voted to approve the agreement, it said.
“The early closing of this negotiation, which is valid until 2026, will allow this work center – which has just celebrated 28 years of existence – to continue being a great contribution to all Chileans,” the world’s biggest copper producer said.
It also noted challenges facing the mine, including the construction of a desalination plant that will supply divisions in Codelco’s northern district. The firm did not specify the financial details of the contract.
According to Chile’s Copper Commission (Cochilco) Radomiro Tomic was Codelco’s second largest producing mine in 2022, accounting for 301,100 of the 1.446 million metric tons of copper the company produced that year.
Short Link:
https://www.miningnews.ir/En/News/627454
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off ...
Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand ...
Glencore expects profit at its trading division this year to be at the top end of its long-term annual guidance, in an ...
Top copper producer Codelco reported a decline in quarterly output due to lower quality ore at its aging Chilean mines — ...
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the ...
Chile President Gabriel Boric said on Thursday he is targeting an increase in the country’s annual copper output by 1 ...
Brazilian miner Vale SA sees no impact from BHP Group’s bid for Anglo American on the latter’s Minas-Rio project, its ...
Copper miner Antofagasta Plc is holding meetings with investors this week for its first dollar bond offering in nearly ...
No comments have been posted yet ...