|
|
|
09.10.26 - 14:12
|
JPM Warns Strike At Major Chilean Copper Mine Could Deliver "Significant" Production Hit (ZeroHedge)
|
|
|
JPM Warns Strike At Major Chilean Copper Mine Could Deliver "Significant" Production Hit
A new potential bottleneck has emerged in the global copper market as London futures hover just shy of record highs amid persistent scarcity concerns.
Natalia Corfield, JPMorgan's head of Latin America corporate credit research, wrote in a note earlier today that a strike at Centinela, a major source of Antofagasta's copper production in Chile, has begun and could soon impact production.
"Antofagasta is facing its first-ever strike at the Centinela copper mine in Chile, set to begin this morning after mandatory mediation between the company and the Minera Esperanza and Distrito Centinela unions failed to produce an agreement," Corfield wrote in the note.
She continued:
The unions, representing more than 700 workers, say the dispute centers on pay and benefit disparities between employees doing identical jobs but belonging to different unions, and they accuse Antofagasta of rej...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.07.26 - 20:06
|
BHP Explores Sale of Chilean Desalination Plant, Power Lines (Bloomberg)
|
|
|
BHP Group is exploring the sale of a desalination plant in Chile, along with its electricity transmission assets, extending a strategy of monetizing infrastructure as the world's biggest miner concentrates capital on its core copper business, according to people familiar with the matter....
|
|
|
|
|
|
|
|