Chile Collahuasi Says Mediated Talks Over; Strike Could Start Friday
November 04 2010 - 1:21PM
Dow Jones News
Government mediated talks at Chilean copper mine Dona Ines de
Collahuasi ended Thursday at a standstill, a company spokeswoman
said.
A strike of the 1,551 unionized workers at the company could
start early Friday morning as the union is on "maximum alert,"
according to its website.
"The company is still open and will continue to be open to any
sort of dialogue," the Collahuasi spokeswoman said.
Union leaders, meanwhile, didn't answer repeated calls for
comment.
The union, which represents 90% of the mine's union-eligible
workers, will hold two assemblies later Thursday to discuss their
strike plans.
Collahuasi, one of the largest copper mines in the world, has a
contingency plan in place to ensure producttion during the
strike.
The mine is owned by diversified mining companies Xstrata PLC
(XTA.LN) and Anglo American PLC (AAUKY, AAL.LN), each with a 44%
stake. A consortium led by Mitsui & Co. (MITSY, 8031.TO) holds
the remaining 12%.
It produces about 500,000 metric tons of copper a year, or about
10% of Chile's annual output. Chile is the world's leading copper
producer, accounting for about 35% of global output.
-By Carolina Pica, Dow Jones Newswires; 56-2-715-8919;
carolina.pica@dowjones.com
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