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Strike Averted at Codelco Copper Mine

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Codleco’s No 3 copper mine unionized workers have accepted a new wage offer made to them on Wednesday. This averted a possible strike at the Radomiro Tmoic mine of Codelco, after the 20 day walkout at the nearby giant Collahuasi copper mine had already got the world concerned about Chile’s copper ore supply.

The union leader, Erwin Mascayano said that the workers voted 538 in favour of the new wage as opposed to 124 against in a ballot. He was speaking on a phone interview from the mine which is located about 20 km away from Codelco’s Chuquicamata mine in the Atacama Desert.

The management at Codelco had offered a 17% pay rise as well as bonuses of 15.7 million pesos including 3 million pesos in low interest loans as per Erwin Mascayano. He said that they were happy with this offer.

In Chile the copper mine workers are demanding a greater share of the rising company profits which are being fuelled by the current record market prices for copper ore. Copper prices in New York rebounded from the biggest two- day slide since June on speculation that supplies may tighten as the Collahuasi strike continues.

Joel Scanlon

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Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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