BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
Markets

Copper output at Codelco's Salvador mine hit by strike

Published Updated

imageSANTIAGO: Striking workers at Codelco's small Salvador copper deposit in Chile have blocked access to the mine and are affecting production, the company and union said on Monday.

The union last week said it would go on strike this week after failing to reach agreement in contract talks.

Codelco told Reuters that protests began on Sunday night and that currently "the mine has been occupied and operations are paralyzed."

In a statement on Monday, the state-run copper producer said that its final contract offer had been approved by the union covering Salvador's concentrator workers, but rejected by the refinery and smelting union.

That had triggered a legal strike, which had prevented those not on strike from doing their job.

"It is not yet possible to quantify the effects of this strike in production terms, as that depends on the extent of the stoppage," the company said.

Employees who are not part of the protest were unable to get to work, union spokesman Waldo Gomez told Reuters.

"As we have cut off the access to work, they can't go up ... The only tasks being are done are those in the very basic operative line, but it's not producing at 100 percent," he said. Salvador produced 49,000 tonnes of copper in 2015.

It is one of world no.1 copper exporter Codelco's smallest and highest cost mines, and the company is battling to keep a lid on costs to ensure production is viable at a time when copper prices are low.

Last year Salvador was hit by an around three-week strike by a different group of contract workers.

Copyright Reuters, 2016

Comments

Comments are closed for this article.