Posted in | News | Copper

Strike Averted at Codelco Copper Mine

Related Stories

Codleco’s No 3 copper mine unionized workers have accepted a new wage offer made to them on Wednesday. This averted a possible strike at the Radomiro Tmoic mine of Codelco, after the 20 day walkout at the nearby giant Collahuasi copper mine had already got the world concerned about Chile’s copper ore supply.

The union leader, Erwin Mascayano said that the workers voted 538 in favour of the new wage as opposed to 124 against in a ballot. He was speaking on a phone interview from the mine which is located about 20 km away from Codelco’s Chuquicamata mine in the Atacama Desert.

The management at Codelco had offered a 17% pay rise as well as bonuses of 15.7 million pesos including 3 million pesos in low interest loans as per Erwin Mascayano. He said that they were happy with this offer.

In Chile the copper mine workers are demanding a greater share of the rising company profits which are being fuelled by the current record market prices for copper ore. Copper prices in New York rebounded from the biggest two- day slide since June on speculation that supplies may tighten as the Collahuasi strike continues.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, March 19). Strike Averted at Codelco Copper Mine. AZoMining. Retrieved on May 02, 2024 from https://www.azomining.com/News.aspx?newsID=1689.

  • MLA

    Scanlon, Joel. "Strike Averted at Codelco Copper Mine". AZoMining. 02 May 2024. <https://www.azomining.com/News.aspx?newsID=1689>.

  • Chicago

    Scanlon, Joel. "Strike Averted at Codelco Copper Mine". AZoMining. https://www.azomining.com/News.aspx?newsID=1689. (accessed May 02, 2024).

  • Harvard

    Scanlon, Joel. 2019. Strike Averted at Codelco Copper Mine. AZoMining, viewed 02 May 2024, https://www.azomining.com/News.aspx?newsID=1689.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback