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    copper investing

    Chile’s Chuqui copper miners begin strike

    Investing News Network
    Jan. 04, 2010 12:29PM PST
    Base Metals Investing

    On Monday, Union workers at Chile’s giant Chuquicamata copper complex, the world’s second biggest, began a strike over pay early. This stoppage will hit world No. 1 producer Codelco’s output.

    On Monday, Union workers at Chile’s giant Chuquicamata copper complex, the world’s second biggest, began a strike over pay early. This stoppage will hit world No. 1 producer Codelco’s output.

    The news release is quoted as saying:

    The Chuquicamata complex in far northern Chile, which includes the Chuquicamata and Mina Sur deposits and produces around 4 percent of the world’s mined copper, will lose up to 1,800 tonnes of copper output per day and cost the state around $8 million of lost daily revenue.

    Click here to access the entire press release

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