Copper supply risks ease as Chile miners do deals
Companies are having to spend more to get contracts signed, although the pullback in copper prices probably has helped convince workers to lock in deals.
Chile’s state-owned Codelco, the world’s largest copper producer, said Thursday a worker had died in an accident at its Radomiro Tomic mine in northern Chile while performing maintenance work.
The incident occurred late Wednesday as the 33-year-old operator worked in an extraction truck.
“Work in the accident sector was immediately suspended, and we informed the authorities of the situation,” the firm said in a statement.
The accident comes as Codelco operates with limited staff amid the fast-spreading coronavirus pandemic in Chile.
(By Fabian Cambero and Dave Sherwood)
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