R/€ = 16.04 Change: -0.01
R/$ = 14.38 Change: -0.01
Au 1273.68 $/oz Change: 0.58
Pt 801.67 $/oz Change: -7.73
 
 
R/€ = 16.04 Change: -0.01
R/$ = 14.38 Change: -0.01
Au 1273.68 $/oz Change: 0.58
Pt 801.67 $/oz Change: -7.73
 
 
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Codelco strikes labour deal with supervisors at Salvador mine

15th May 2019 BY: Reuters

SANTIAGO – State miner Codelco, the world's top copper producer, said on Wednesday that it had agreed on a new labour contract with the union of supervisors at its small Salvador mine in northern Chile.

The union and company had entered into a government-mediated negotiation earlier this month after supervisors rejected the company's previous offer and alleged that Codelco was putting undue pressure on its workers to accept the deal.

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"The new collective contract ... maintains the previous benefits and will expire in 36 months," Codelco said in a statement.

The deal includes a signing bonus and other benefits that total $11 600 per worker, in addition to a salary raise of around 1%.

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Salvador produced 60 800 t of copper in 2018. 

EDITED BY: Reuters
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