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October 12, 2020

Chile’s Collahuasi copper mine union agree on new contract

Chile's Collahuasi copper mine workers union and management have reportedly reached an agreement on a new labour contract.

Chile’s Collahuasi copper mine workers union and management have reportedly reached an agreement on a new labour contract.

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As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
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The new deal has helped avert the threat of a strike at the deposit, Reuters reported, citing an undisclosed source with knowledge of the discussions.

The legal deadline for the negotiations is on 30 October. The new contract would be effective from 1 November, Reuters said.

Glencore and Anglo American each hold 44% in Collahuasi while the remaining 12% is held by Japan Collahuasi Resources.

The Japanese consortium is led by Mitsui & Co and includes Nippon Mining & Metals Co and Mitsui Mining & Smelting Co.

According to the news agency, the negotiations were the “most sensitive of 2020” in the nation due to the union size and importance of the mine with respect to its contribution to the total output in the country.

Reuters quoted its source as stating: “There is a good atmosphere… the issue has been settled.”

The Collahuasi copper mine is situated in northern Chile, about 180km southeast of the port of Iquique. It is considered as one of the largest mines in Chile.

Last year, Collahuasi produced about 565,400 tonnes of copper.

In January last year, Collahuasi reportedly held discussions with Canada-based Teck Resources on a resource-sharing plan as part of the firms’ expansion plans.

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Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

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