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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: koan	7/8/2007 11:25:57 PM
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007-8J Chile's Collahuasi copper workers set to strike as talks fail Santiago, Chile (Platts)--8Jul2007 Unionized workers at the Collahuasi copper mine in northern Chile are set to strike from early July 9 after extended talks with the company, controlled by mining majors Anglo American and Xstrata, failed to reach a deal, a union official told Platts Sunday. "There were points where we just did not reach agreement," said union president Hernan Farias while travelling to the mine for the start of the protest. Although the company agreed to increase its wage offer to 4%, from 3.4% previously, other demands on production bonuses and additional shifts were not met, he explained. The 690-strong union voted overwhelmingly June 27 to reject the latest deal from the management but a legal strike was delayed by a week after the company applied for five days of mediated talks permitted under Chilean labor law. The mine, one of Chile's largest, produced 440,000 mt of copper in concentrate and cathode last year. "The strike should have a major impact on production, they'll be lucky if they can produce at 20% of capacity," Farias noted. "The length (of the strike) depends on the will of the company to close the differences we have - it could last a day or several," he said. --Tom Azzopardi; newsdesk@platts.com Post this story to: del.icio.us \| Digg \| Newsvine

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