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Unions at Peru’s largest copper mine, Antamina, will begin a walkout on Monday. Negotiations between companies and union leaders broke down, and no additional talks have been planned.
Unions at Peru’s largest copper mine, Antamina, will begin a walkout on Monday. Negotiations between companies and union leaders broke down, and no additional talks have been planned.
As quoted in the press release:
BHP Billiton and Glencore each own 33% stakes in the project; Teck Resources has a 22% interest, with Mitsubishi Corp. holding the remainder.
Union leaders said they will drop tools over profit-sharing bonus agreement demands after falling output at the asset, which produces 30,000 copper tons monthly. Antamina represents 30% of Peruvian copper, and is the Andean nation’s No. 1 zinc source.
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