Codelco strikes contract deal with workers at Ministro Hales mine

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).