Workers at Peru’s Antamina copper mine have started the strike to demand higher wages.
Antamina union SUTRACOMASA spokesperson Hernan Robles has said that production at the mine has come to a halt and the company will struggle to send copper ore to port for export, reports Reuters.
Go deeper with GlobalData
Earlier this month, mining workers at Antamina copper mine in Peru decided to proceed with industrial action after talks with management ended inconclusively.
Workers are demanding increased profit-sharing from the mine’s revenue.
The decline in revenue over reduced copper prices has been cited as the reason behind Anatamina’s low profit shares for workers, according to The Wall Street Journal.
Antamina said: "Work is being done as planned and in-line with a contingency plan prepared for this situation.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData"No labour right or agreement has been breached by Antamina," reports WSJ.
The mine produces almost 30,000t of copper a month, which comprised almost a third of the country’s output in 2013.
Located in the central Ancash region in Peru, the mine is jointly owned by BHP Billiton (33.75%), Glencore Xstrata (33.75%), Teck Resources (22.5%) and Mitsubishi (10%).
TheSUTRACOMASA union represents 1,630 mine workers of the total 2,860.
