Chile Collahuasi Copper Mine Strike Enters Day 5; Output Normal
November 09 2010 - 7:28AM
Dow Jones News
While the strike at Chilean copper mine Dona Ines de Collahuasi
enters its fifth day, output at the mine remains normal, a company
spokeswoman said Tuesday.
The 1,551 unionized workers at the mine began their strike
Friday after government-mediated talks ended without any contract
agreement.
"As a result of our contingency plan, output remains normal and
there haven't been any incidents at the mine," she said.
A northern Chile newspaper, Diario 21, reported Tuesday that a
Labor official was proposing mediating talks between Collahuasi
management and its workers to end the strike.
If both sides seek it "we can act as mediators to get both
parties closer to each other and help them reach an agreement
because this (strike) isn't favoring either one," regional Labor
Director Horacio Ara told Diario 21.
The spokeswoman said no meeting between both sides had been
scheduled for this morning. Union leaders weren't immediately
available for comment.
Collahuasi 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%.
The mine is located in Chile's northernmost First Region. It's
185 kilometers southeast of the port of Iquique, at 4,400 meters
above sea level high in the Andes.
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
Mitsui (NASDAQ:MITSY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mitsui (NASDAQ:MITSY)
Historical Stock Chart
From Jul 2023 to Jul 2024