Miners voted Friday to end a two-week long strike at the world's largest copper mine, La Escondida in northern Chile, approving an agreement struck by their union and management.Escondida employees accepted a management offer of a special production bonus for 2010, a year in which the mine had record earnings, a spokesman for the mine's largest union said. "The strike is going to be lifted," said union spokesman Marcelo Tapia.He said workers were expected to be back on the job on Friday once union and management representatives signed a formal agreement.The company, controlled by Anglo-Australian mining giant BHP Billiton, issued a statement saying "operations have gradually resumed, after workers ended the illegal paralysis of operations."The strikers accepted a 2.6 million peso (about $5,800) bonus, about half what they were initially demanding.Escondida reported 4.3 billion dollars in earnings in 2010, a 35 percent increase over the previous year.The mine produces about seven percent of the world supply of copper. Chile accounts for a third of the world's production of the metal, which has soared in price along with other commodities.
GMT 13:21 2018 Thursday ,06 December
China demands Canada release Huawei's chief financial officerGMT 16:16 2018 Sunday ,07 October
Yemeni rebels seize 10 cargo vessels, oil tankersGMT 13:31 2018 Tuesday ,25 September
Gaza collapse put Palestinian basic needs at riskGMT 18:43 2018 Thursday ,20 September
Russian PM does not rule out expansion of trade warsGMT 08:09 2018 Tuesday ,23 January
French court throws out tax fraud case against JP MorganGMT 08:52 2018 Wednesday ,17 January
EU parliament calls for ban on electric pulse fishingGMT 09:20 2018 Tuesday ,16 January
Strikes as Greece adopts industrial action revampGMT 04:50 2018 Saturday ,13 January
Greece strikes cause transport chaos, healthcare delaysMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor