Singapore 19/09/2016 - Workers at Anglo American’s Los Bronces copper mine in Chile have ended a week-long strike after the company reached a wage agreement with two unions last Friday.
The company said the workers have accepted the same wage deal - which includes a bonus of around $13,000 per worker - that they had initially rejected before going on strike, several media reports said.
A total of 85 percent of Los Bronces’ 1,725-strong workforce had voted in favour of the strike after they rejected the company’s end-of-contract bonus offer.
Anglo American had offered unions at Los Bronces an 'end of conflict bonus' of 8.5 million pesos (around $12,700) per worker and soft loans of 2 million pesos in late August but FastMarkets understands the offer was raised to 9 million pesos thereafter.
Los Bronces produced more than 400,000 tonnes of copper in 2015, some seven percent of Chile's total production, according to statistics from the Chilean Copper Commission.
(Additional reporting by Archie Hunter)