Codelco strikes contract deal with workers at Ministro Hales mine

Reuters | December 2, 2018 | 8:34 am Base Metals Top Companies Latin America Copper

Codelco reaches agreement with Ministro Hales mine supervisors

Chile’s Ministro Hales mine. (Courtesy of Codelco via Flickr)

Chile’s state copper miner Codelco said on Saturday it had reached agreement on a new collective labor contract with the union of workers at its Ministro Hales mine in northern Chile.

The 36-month contract, which includes a signing bonus of 7 million pesos ($10,423) and a boost to salaries of 1.2 percent, was approved by 53 percent of the union, Codelco said in a statement.

Ministro Hales produced around 215,000 tonnes of copper in 2017.

Codelco is the world’s No. 1 copper producer.

($1=672 pesos)

(Reporting by Dave Sherwood; Editing by Daniel Wallis).