Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Unions at Antofagasta’s Centinela copper mine ready for strike

Unions at Antofagasta’s Centinela copper mine ready for strike

Mining.comMining.com2026/09/29 21:57

The two main unions at Antofagasta Minerals’ Centinela copper mine in Chile said on Tuesday they are ready to strike, but hope one can be averted if the company agrees to a deal during mandatory government-mediated talks.

The unions, Minera Esperanza and Distrito Centinela, with 708 members combined, rejected the company’s contract offer, triggering a five-day government mediation process that can be extended by mutual agreement.

Union leaders say they want workers to receive the same benefits regardless of union affiliation.

Minera Esperanza union president Milenko Diaz told Reuters that workers are willing to reach an agreement but said the company has not put forward a proposal to resolve the conflict.

Diaz estimated that if no agreement is reached, a strike could be legally authorized to begin October 13.

Distrito Centinela union leader Hector Aguilera said members are ready to strike, underscoring that workers are “convinced that now is the moment” to end the disparity in benefits.

The risk of a strike at Centinela, which produced 240,400 metric tons of copper in 2025, is supporting global prices for the red metal as output has been constrained by operational problems, lower ore grades and adverse weather.

(Reporting by Fabian Cambero; Writing by Natalia Siniawski; Editing by Anthony Esposito)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Besent “Extinguishes Fire”: Rising US Treasury yields are a global phenomenon, dismisses concerns over AI bubble

U.S. Treasury Secretary Janet Yellen defended the rise in U.S. Treasury yields, stating that this increase is a global phenomenon rather than unique to the United States, and does not warrant excessive concern. She partially attributed inflationary pressures to higher oil prices caused by the Iran conflict, and expects the energy shock to subside as hostilities ease. Yellen refuted the notion of an AI bubble, arguing that investments by major tech companies are grounded in solid business logic.

华尔街见闻•2026/10/04 03:06