Workers to Strike at Peru’s Antamina Copper Mine

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.

Click here to read the full article.