SANTIAGO - Chile's State-owned Codelco, the world's largest copper producer, is operational and has taken measures to continue operations despite a national strike by workers that started early Wednesday, according Chile's Finance Minister.
Chile's Finance Minister Mario Marcel told a news conference that work at Codelco has continued despite the strike. Marcel also announced a $583-million reinvestment plan for Codelco in 2022 that includes 30% designated to 2021 utilities. There will be a similar reinvestment of utilities from 2021 through 2024.
This is part of a new agreement that will allow the state-owned company to keep earnings, which it previously could not.