September 21, 2021

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Chile copper miners strike

Workers at the world’s highest-producing Chilean copper mine, La Escondida, announced a strike this Sunday to reject a vote on the latest offer from a multinational BHP-controlled company.

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According to a press release, the union said there were a total of 2,164 votes in favor of the strike. Only 11 people approved the company’s latest offer, with four blank votes and only one zero vote.

Current demands refuse to distribute the annual bonus paid by the company of 15 million pesos evenly within its facilities. Workers demand a bond of one percent of the dividends paid to foreign investors. This number is approximately 26 million pesos.

The union and company leaders called for a final dialogue with the government to begin within five to ten days. If they do not reach an agreement on this event, the new strike will begin with a deposit located in the Antofagasta region.

The Ministries of Finance and Mining have agreed that an immediate strike in Minera Escondida will create a contraction of the economy and they hope the company will take up a fruitful dialogue to avoid a work stoppage.

In 2017, Escondida workers went on a 44-day strike, the longest in Chilean mining history. The strike caused the company $ 740 million in losses and reduced Chile’s GDP by about 1.3 percent.

Negotiations come at a time when the price of red metal is solid and has reached record highs supported by expectations that the world economy will recover after the corona virus outbreak.

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