trending Market Intelligence /marketintelligence/en/news-insights/trending/z1DL5jb9IYK-vWT5snAh9A2 content esgSubNav
In This List

Teck to halt copper operations at Chilean facility amid labor action

Blog

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

Blog

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

Blog

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

Video

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


Teck to halt copper operations at Chilean facility amid labor action

Teck Resources Ltd. will suspend operations at its Carmen de Andacollo copper facility in Chile during a strike starting Oct. 14.

The Teck Carmen de Andacollo Workers Union, which represents 473 workers at the operation, announced its plans to initiate strike action after it failed to finalize a collective bargaining agreement with the company.

The previous collective bargaining agreement expired Sept. 30, and the company entered into a five-day mediation process with the union that concluded Oct. 11.

The project produced about 15,000 tonnes of copper in the quarter ended June 30, according to an Oct. 13 release.

Teck noted that the Union of Supervisors and Professionals of Teck CdA reached a new agreement earlier in 2019.