Chile’s state-owned Codelco has reached an agreement on a new contract with the union representing supervisors at its Chuquicamata copper mine, reported Reuters.
“Codelco appreciates and values the dialogue and shared vision of the reality experienced by the company and, in particular, Chuquicamata,” said the miner, who did not specify the financial details of the contract.
The agreement, noted Codelco, affects 658 people and includes incentives associated with meeting goals and improving productivity. The contract runs for 36 months starting on April 1.
Chuquicamata, which is located in northern Chile, produced 268,348 metric tons of copper in 2022. The operation is in the process of transitioning from open-pit to underground mining.