Reuters reported that the labor contract at Chile-based Codelco’s Chuquicamata mine will expire at the end of February 2013, but CEO Thomas Keller is hopeful that a new deal will be reached by the end of this year.
As quoted in the market news:
“We’re optimistic. It’s a complex negotiation but we’re hoping that with good will on both sides we can reach a deal,” Keller told Reuters on the sidelines of a year-end event organized by the government’s mining ministry.
“It would be very good news” to reach a deal before year-end, he added.
In 2014 Copper Fox Metals Inc. (TSXV:CUU) added approximately 1.8 billion pounds of copper as well as 140,000 ounces of gold contained within the Inferred resource category to its metal holdings.
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