trending Market Intelligence /marketintelligence/en/news-insights/trending/OldYN3A4Gp23ccAng_4Jww2 content esgSubNav
In This List

Chile's Codelco to resume normal operations after unions halt strike


Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms


Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge


Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond

Chile's Codelco to resume normal operations after unions halt strike

Chilean state-owned copper miner Codelco will resume normal operations after unions agreed to stop a strike following negotiations with the government, Reuters reported.

Juan Olguín, president of the Copper Workers Federation, said the union had urged the government to terminate the state of emergency it implemented following unrest over a hike in public transport costs.

Olguín said the country's newly announced social plan was a move that demonstrated it was "capable of listening to the people's demands." The Copper Workers Federation includes workers from each of Codelco's divisions.

Mining minister Baldo Prokurica said it was too early to evaluate the impact of the short-lived strike on Codelco's production.

The state miner had shuttered its Andina copper mine and reduced operations at its other divisions following a general strike launched by unionized workers amid ongoing protests in the country.

The workforce at the miner's Ventanas copper smelter was decreased to ensure the security of the facilities, while the Salvador division was operating partially. Six of Codelco's eight divisions were continuing with the majority of their operations, according to an earlier report.

Unionized workers at BHP Group's Escondida copper mine downed tools Oct. 22 as a show of solidarity with the Chilean protests.