A union at Chile's Cerro Colorado copper mine in Chile has struck a collective contract deal with mine operators BHP after five days of government-led mediation, the company said in a statement. The agreement with Union No 1 would be valid for 36 months and includes a series of improvements on the previous contract, BHP said.
"This collective agreement is very good news and reflects the collaborative spirit of the parties, which will allow us to continue more united than ever, to face the uncertain future of Cerro Colorado," said the mine's general manager, Alejandro Heilbron. It comes after the union last month voted to reject an earlier offer by the company, prompting a period of mandatory mediation in a bid to stave off a strike. Last month BHP also struck a deal with workers at its massive Escondida mine that led to record-breaking benefits. - Reuters