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Antofagasta inks labor deal with Los Pelambres copper mine supervisors union

Antofagasta PLC reached a labor agreement consisting of a 36-month contract with a union of supervisors at its flagship Los Pelambres copper mine in Chile, Reuters reported Oct. 15, citing a statement from the company.

The contract includes a 1% hike in salaries, a signing bonus of US$17,000 and loan incentives for workers.

The union had threatened to strike after failing to reach an agreement earlier.