Arab Today, arab today chile strike halts world\s largest copper producer
Last Updated : GMT 02:29:30
Arab Today, arab today
Arab Today, arab today

Chile strike halts world\'s largest copper producer

Arab Today, arab today

Arab Today, arab today Chile strike halts world\'s largest copper producer

Santiago - AFP

Workers at the world\'s largest copper producer, Chile\'s Codelco, went on strike for 24 hours over modernization plans they fear amount to privatization. The company\'s first strike in 18 years halted work at Chuquicamata -- the world\'s largest open-pit mine -- El Teniente and Andina. The state-owned operations produce more than 10 percent of the world\'s copper. The nationwide strike affected all company units, said Raimundo Espinoza, president of the Federation of Copper Workers (FTC), which represents some 15,000 full-time Codelco workers. Espinoza said the union had \"concrete information\" of plans for a \"covert privatization\" of the company, calling Monday\'s action a \"warning strike.\" The workers oppose modernization plans being implemented by company officials appointed by President Sebastian Pinera, the first conservative to take office in Chile in 20 years. Codelco has 20,000 full-time employees, 75 percent of whom are unionized. The company also has some 20,000 subcontracted workers, all of whom have joined the strike. In the capital Santiago, hundreds of students protested late Monday in solidarity with the miners, leading to clashes with riot police in which two police were wounded and 12 people arrested. Government reform plans that are already being implemented include shedding some 2,600 full-time Codelco jobs. Pay for Codelco workers is around $4,000 a month, four times the average Chilean salary of around $1,000. Workers say the high pay is necessary because mining is dangerous and results in a high level of work-related illnesses. But analysts say that Codelco workers have accumulated benefits over the years that are now a heavy burden for the company. Codelco managers say the modernization plans are necessary to compete with more nimble private operations, but the workers believe they are designed to saddle the company with debt so that private investors have to bail them out. Mining Minister Laurence Goldborne has denied plans to privatize the lucrative company, saying: \"We are not moving in that direction.\" The strike halted production of about 4,900 tons of copper and will generate losses of more than $40 million, according to Codelco figures. Chile is the world\'s top copper producer, churning out some 5.6 million tons a year, of which 1.7 million is produced by Codelco. The remainder comes from mines operated by privately owned concerns, including the Anglo-Australian company BHP Billiton, Antofagasta Minerals PLC, Anglo-American PLC, and Freeport-McMoRan Copper Gold Inc. Codelco head Diego Hernandez -- who previously headed BHP Billiton\'s operations in Chile -- denied plans to privatize the company, but acknowledged that workers were unhappy. The strike \"is in part unease over the changes that the company has implemented and must continue carrying out,\" Hernandez said on Sunday. Aside from the layoffs, changes include technical upgrades to access the harder-to-reach copper, as many of the easily accessible veins have already been exhausted. Company officials say the upgrades will result in a production increase of 2.1 million tons by 2020. The strike was being held on the 40th anniversary of creation of Codelco, founded after foreign mining companies were nationalized in 1971 by the leftist government of president Salvador Allende. Pinera, who took office last year, is the first conservative Chilean president since the 1973-1990 military regime, led by general Augusto Pinochet, that toppled Allende. In 2010, Codelco generated more than 5.7 billion dollars for the Chilean state.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chile strike halts world\s largest copper producer Arab Today, arab today chile strike halts world\s largest copper producer

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chile strike halts world\s largest copper producer Arab Today, arab today chile strike halts world\s largest copper producer

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday