Chile Codelco workers at El Teniente reject early contract offer
SANTIAGO – Workers at Chilean state copper miner Codelco's central El Teniente mine narrowly rejected the company's early contract offer, deferring collective labour negotiations to October.
About 51.2% of workers at El Teniente turned down the contract offer which in addition to base salary, included a bonus and soft loans worth around $30 700, Codelco said in a statement late on Thursday. Soft loans are usually offered at very low or zero interest rates.
"Codelco will maintain dialogue with union leaders to pave the way to the October negotiations," the miner said in a statement.
Union leader Luis Gomez told La Tercera newspaper his organisation wanted long-term benefits to be improved and all workers to have access to the same benefits regardless of when they joined the company.
Mining companies in Chile are increasingly offering sweetened deals to their workers to avoid strikes seeking a bigger share of a mining bonanza in the copper powerhouse.
Codelco is in a tight place at the moment, with global copper prices ebbing, cash running low and costs inching up.
El Teniente was the company's most productive deposit between January and September of last year, mining 327 000 t of red metal in the period.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.
VISIT SHOWROOM
ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
