Author: Vitaliy Dadalyan

23 Oct by Vitaliy Dadalyan Tags:

World’s Top Copper Producer Hit by Unrest as Mines to Halt

(Bloomberg) -- Chile’s powerful copper-mining unions are encouraging workers in the world’s top producer to down tools and join anti-government demonstrations that have swept the country for the past five days.Unions representing workers across Chile’s main mines have announced one or two-day stoppages as they call for the government to withdraw the state of emergency and listen to people’s demands. Port terminals, including some key copper-shipping facilities, will join the stoppage, unions said.While Chile is the top copper-producing nation, churning out just under a third of global supply, it’s still unclear how much impact the disruption could have on copper markets, if any. Strikes have become fairly common at Chile’s mines and a two-day stoppage would have minimal effect. In July, about 3,200 machine operators and maintenance workers staged a 14-day strike at Chuquicamata, a mine located in the country’s north.Antofagasta Plc estimated the current civil unrest could potentially disrupt about...