The deal, approved by 91.7 percent of the union, also included 1.1 percent salary increases, Codelco said.
Copper Mining News
Mining companies across the globe now consider the risk of losing their licence to operate as the biggest risk to their businesses in the next two years
Sierra Metals has 15 business days to provide a re-evaluation to the authorities to initiate a review process.
DRC has collected $1.21 billion in revenues from its mining sector over the first nine months of 2018.
The Vancouver-based miner submitted an application to expand to 300,000 hectares its land position at the Firminho project.
Searchlight Resources wants to take advantage of the increased interest in battery technology.
Yellowhead is the owner of the Harper Creek copper-gold-silver project about 90 km from Kamloops, British Columbia.
The German carmaker is now committed to radical steps to stop global warming.
Rio Tinto and China's Zijin Mining are potentially the biggest investors.
Glasenberg, a workaholic, straight-talking South African who has become the public face of the commodity trading industry, has led Glencore for nearly two decades.
The expansion of the mine, which will require an estimated investment of $4.7 billion, is set to start producing in 2021 and could double Teck’s copper business.
The Vancouver-based miner anticipates drilling to begin early in the New Year.
Sumitomo Metal Mining and Sumitomo Corp. will pay $800 million earn-in contribution and $400 million matching contribution for a third of Teck's 90% interest in Quebrada Blanca mine.
Relief that an escalation in the trade war between the US and China has been avoided – at least for now – sparked a huge rally in mining stocks on Monday.
"When I go I hope it’ll be a 45-year-old who’ll take over," Glasenberg said
The premiums, paid on top of benchmark three-month London Metal Exchange (LME) prices, fell 10.7% from Friday's levels to $62.50 a tonne, the lowest since June 2017.
The macro picture may have brightened just a little after the weekend meeting of the U.S. and Chinese presidents, but signs the global economy is losing momentum, do not bode well for metals demand.
The support ship will be used at the company's Solwara 1 gold, copper and silver project, off the coast of Papua Guinea, set to be the world’s first commercial deep-sea mine.
Production sharing agreements align the interests of the two partners because the risk now weighs more on the investor than on Gecamines.
The campaign was carried out at the Burfjord project, located near Kåfjord, in northeastern Norway.
Company veteran and coal chief Peter Freyberg, has been appointed as the head of industrial mining assets, a newly created role.
The 36-month contract was approved by 53% of the union.
Initially, workers linked to the Los Mineros Union planned to launch a protest action on December 1st, López Obrador's inauguration day.
On the positive side, the Andean country's iron ore production grew by 66.8% when compared to the previous year.
Excelsior will start construction activities at the Arizona Gunnison copper project before the end of the year.