Chile Collahuasi union sees mine ops normal Monday

* Union sees operations normal “in coming days”

* Subcontractors, mine to hold talks on Monday

SANTIAGO, May 15 (BestGrowthStock) – Chile’s giant Collahuasi
copper mine will likely resume normal operations on Monday amid
a subcontractor strike in its ninth day, a union leader said on
Saturday, adding that the mine was not yet extracting mineral.

Juan Antonio Barraza, a leader of the union that represents
full=time staff at the mine, said workers would gradually bring
machinery back online.

“They are going to gradually restart the equipment,”
Barraza said. “(Operations) will likely normalize on Monday.”

Collahuasi spokeswoman Bernardita Fernandez reiterated the
mine expected operations to return to normal “in coming days,”
but gave no target date.

Fernandez said a declaration of force majeure, a contract
clause that enables it to default on delivery obligations,
which the company announced on Wednesday, remained in place.

“We are in the ramp-up phase, but there is no estimated
date yet (for a return to normal operations),” she said.

She declined to give an estimate for output losses due to
the disruption. The Collahuasi mine produces 3.3 percent of the
world’s mined copper.

Collahuasi resumed limited operations on Wednesday after
subcontractors lifted a blockade to the mine but continued
their protest elsewhere, with the next round of talks scheduled
for Monday.

Subcontractors left the mine on Tuesday night to avoid
clashes with police.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
ANALYSIS-Chile copper may take hit on protest [ID:nN11103356]
TIMELINE of Chile’s major mining strikes [ID:nN1199411]
FACTBOX of Chile copper labor contracts [ID:nLDE60A1JH]
FACTBOX on Chile’s giant Collahuasi mine [ID:nN1198815]
Map: Chile top copper mines http://link.reuters.com/zad85j
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

The subcontractors, who have continued their protest from
the city of Iquique, have agreed to talks with the company on
Monday mediated by local authorities in the far northern region
of Tarapaca, and say their strike would continue until then.

Collahuasi, which produced 535,000 tonnes of copper last
year, was forced to halt operations last Saturday, a day after
hundreds of subcontractors blocked access to the mine with
burning tires and rocks to demand better working conditions and
pay.

Stock Market Advice
(Reporting by Simon Gardner)

Chile Collahuasi union sees mine ops normal Monday