Vedanta to exclude base metals business from sweeping demerger
The group said it will consider the base metals business demerger at a later stage.
The union of workers at Antofagasta’s Zaldivar copper mine in northern Chile told Reuters it had reached a contract deal with the Chilean-based miner, averting the risk of a walk-off.
The workers at the mine entered mediation with the government over salaries and benefits on July 15, in a last-ditch bid to stave off a strike amid a coronavirus outbreak in the South American nation.
Zaldivar, which is co-owned by Barrick Gold Corp, accounts for about 2% of Chile’s annual copper production.
(By Fabian Cambero and Dave Sherwood; Editing by Steve Orlofsky and Diane Craft)
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