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Negotiations Fail; Strike at Chile's Mantoverde Copper Mine to Continue
The union said Wednesday that the strike at Capstone Copper’s Mantoverde copper mine in northern Chile will continue, as negotiations between the company and the union have failed to reach an agreement. In a statement, the union said the strike is expected to last for an extended period and that operations at the mine have come to a near standstill. The statement also noted that the processing plant is operating at only 30% of its normal capacity, and its stockpiles of supplies are expected to run out within days. The strike began last Friday after the Second Union—the mine’s largest union, with 645 members—failed to reach a collective bargaining agreement with Capstone Copper. Following the failure of initial negotiations, the company expressed a willingness to negotiate a resolution to the dispute, noting that striking workers account for approximately 22% of its total workforce. The mine is projected to produce between 29,000 and 32,000 metric tons of cathode copper in 2025.
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