Chile’s Codelco agrees contract with Gabriela Mistral mine workers

Reuters | December 6, 2018 | 1:21 pm Base Metals Top Companies Latin America Copper

Gabriela Mistral (Image courtesy of Codelco)

Chile’s state copper miner Codelco said on Thursday it had reached agreement on a new collective labor contract in early negotiations with the union of workers at its Gabriela Mistral mine in northern Chile.

The 36-month contract included a signing bonus of 4.2 million pesos ($6,216.63) and a 2 million peso ($2,960.30) premium paid to workers for agreeing to the early negotiation, Codelco, the world’s No. 1 copper producer, said in a statement.

The deal, approved by 91.7 percent of the union, also included 1.1 percent salary increases, Codelco said.

Gabriela Mistral produced around 122,700 tonnes of copper in 2017.

($1=676 pesos)

(Reporting by Dave Sherwood; Editing by Grant McCool)