Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,710.92
    +1,354.20 (+2.74%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

Antofagasta reaches wage agreement with Centinela mine supervisors

Reuters - UK Focus

SANTIAGO, July 14 (Reuters) - Chilean mining company Antofagasta (Other OTC: ANFGF - news) said on Friday it had reached a new wage agreement with supervisors at its Centinela copper mine, defusing the risk of a strike amid a volatile labor landscape in the South American country.

The supervisors' union voted to strike in early July, but instead of downing tools immediately, entered a new round of government-mediated negotiations with the company as required by law. During those talks, the supervisors agreed to a new 36-month contract.

"The agreement, which was reached during the mediation phase, will be formalized today, July 14," Antofagasta said in a statement.

Antofagasta is currently in government-mediated negotiations with workers at the nearby Zaldivar copper mine.

New (KOSDAQ: 160550.KQ - news) labor laws have emboldened miners throughout Chile (Stuttgart: 704599.SG - news) , the world's top copper exporter, while low prices for the red metal have made contract offers less generous than in past years. (Reporting by Fabian Cambero; Writing by Gram Slattery; Editing by Bernadette Baum)