[SMM Express] Zaldivar copper mine workers accept revised salary quotation. Copper supply concerns have eased temporarily.

SMM7: workers at the Zaldivar copper mine in Antofagasta, Chile, reportedly accepted a revised wage offer and a strike was avoided.

It is reported that there are 387 votes in favor of the revised salary agreement and 236 votes against the revised salary agreement.

Last Wednesday night, workers at Antofagasta and its Zaldivar copper mine decided to extend government-mediated negotiations on a new union contract to avoid a strike, according to the union.

[SMM Express] the government mediation has been extended to avoid strikes by Antofagasta and Zaldivar copper mine workers.

The strike is likely to exacerbate supply concerns in the metal-producing country.

The Zaldivar copper mine accounts for about 2% of Chile's annual copper production. The Zaldivar mine produced 58100 tons of copper in 2019. Antofagasta holds a 50 per cent stake in the Zaldivar copper mine and the other part is held by Barrick Gold.

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