Copper: Humanity’s first and most important future metal
Millions of feet of copper wiring will be required for strengthening the world’s power grids, and hundreds of thousands of tonnes more are needed to build wind and solar farms.
Chile’s state-owned Codelco said Friday it reached an early collective contract agreement with supervisors at its Ministro Hales mine, avoiding the risk of a strike.
“The agreement is based on the joint search for actions and work plans that provide sustainability to the mining business in the medium and long term,” Codelco said in a statement, but it did not specify the financial details of the contract.
The 36-month agreement, which will come into effect at the end of May, includes 193 members
Ministro Hales suffered a pit wall collapse at the end of 2021, a situation that’s still impacting the mine’s operations.
As of the third quarter of 2023, the deposit reached a production of 81,000 metric tons of copper, compared to 109,000 tons in the same period of the previous year.
(By Fabián Andrés Cambero and Alexander Villegas; Editing by Chizu Nomiyama)
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