Chile Collahuasi in day 3 of strike; output steady

By Fabian Cambero

IQUIQUE, Chile, Nov 7 (BestGrowthStock) – Union workers were on
strike for a third day on Sunday at the world’s No. 3 copper
mine, Collahuasi, with no signs management and labor were
moving closer to an accord as a contingency plan kept
operations going.

The union has vowed a long strike at the mine, which
produces 535,000 tonnes a year, or 3.3 percent of the world’s
mined copper and is owned by Xstrata (XTA.L: ) and Anglo American
(AAL.L: ). The strike started after five days of
government-mediated talks failed. [ID:nN27209201]

“Operations continue at their normal pace, the plan for
operational continuity is being followed,” said Bernardita
Fernandez, a mine official. The company has hired replacement

Outside experts have indicated that output might start
being affected if the strike lasts for a week or more, though
the company says it has enough workers to keep shifts running

To draw attention to their plight, union members have
occupied an abandoned school in the city of Iquique and said
they would use it as their office until the dispute over pay
and benefits is settled.

The union has asked Mining Minister Laurence Golborne to
comment on the impasse.

Collahuasi sits at an altitude of about 13,100 feet (4,000
metres) in the Andes of Chile, the world’s No. 1 copper
(Reporting by Fabian Cambero; Editing by Marguerita Choy)

Chile Collahuasi in day 3 of strike; output steady