SANTIAGO, Oct 9 (Reuters) - Management and the union at
Chile´s Collahuasi copper mine have come to an agreement in
labor talks, staving off the threat of a strike at the sprawling
deposit, a source with knowledge of the discussions told Reuters
The talks at Collahuasi - a partnership between Glencore
and Anglo American with Japanese firms - were
widely seen as the most sensitive of 2020 in top copper producer
Chile, both because of the size of the union involved and the
mine´s importance to the country´s total output.
"There is a good atmosphere... the issue has been settled,"
the source, who requested anonymity because the talks are
confidential, told Reuters.
He added that the deal would "surely" be announced ahead of
the legal deadline for the negotiations of Oct. 30 and that the
new contract would take effect November 1.
Copper prices have been supported recently by concern about
potential strikes in Chile.
A union of workers at Lundin Mining´s much smaller
Candelaria copper mine in Chile walked off the job on Thursday
after talks broke down earlier this week. BHP´s Escondida copper
mine, the world´s largest, is also looking to cement a deal with
a union of supervisors.
Collahuasi is one of Chile´s largest mines. It produced
565,400 tonnes of copper in 2019.
(Reporting by Fabian Cambero; Writing by Dave Sherwood
Editing by Sonya Hepinstall)