SANTIAGO – Chile's state copper miner Codelco said on Thursday it had reached agreement on a new collective labor contract in early negotiations with the union of workers at its Gabriela Mistral mine in northern Chile.
The 36-month contract included a signing bonus of 4.2-million pesos and a 2-million peso premium paid to workers for agreeing to the early negotiation, Codelco, the world's No. 1 copper producer, said in a statement.
The deal, approved by 91.7% of the union, also included 1.1% salary increases, Codelco said.
Gabriela Mistral produced around 122 700 t of copper in 2017.