Soaring demand for copper will help drive mergers, BHP CEO says
Demand for copper, a key element in the energy transition, is set to rise by 70% to 100% by 2050, Mike Henry said
Chilean state-run miner Codelco said on Friday that it had reached a collective contract agreement with the union representing workers at its Andina mine ahead of schedule, averting the threat of a strike at the site.
At the end of May, Codelco wrapped up negotiations with two other unions at the mine.
The three-year agreement with union Suplant will go into effect in August and applies to more than 170 employees.
The company did not give financial details of the new agreement.
Last year, the mine churned out 164,500 metric tons of copper.
(By Fabian Cambero; Editing by Diane Craft)
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