Breaking News
Investing Pro 0
Last Call for Cyber Monday! Save Now on Claim 60% OFF

Union set to strike at Peru's Las Bambas copper mine next week -leader

Published Nov 21, 2023 02:18 Updated Nov 21, 2023 10:51
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: The Las Bambas copper mine is pictured in Apurimac, Peru May 9, 2022. Picture taken May 9, 2022. REUTERS/Angela Ponce/File Photo

By Marco Aquino

LIMA (Reuters) -Workers at the Chinese-owned Las Bambas copper mine in Peru will kick off an "indefinite" strike beginning next week after the miner failed to deliver information on profit-sharing protocols, the union's leader said on Monday.

Erick Ramos, general secretary of the Las Bambas workers union, told Reuters by telephone the union had agreed to go on a strike with no set end date starting Nov. 28.

"A meeting with the company was set for today to explain information regarding profit sharing, but that did not happen," Ramos said.

Representatives for Las Bambas did not immediately respond to requests for comment. The mine, owned by China's MMG Ltd, began operations in 2016 and is among the largest copper producers in Peru, the world's No. 2 producer of the metal.

The union had already kicked off a strike on Sunday, which is set to end Tuesday, over the profit sharing.

The miner, as part of its contract with workers, is to share some profits every year with employees.

However, the mine "had already said that there wouldn't be any profit sharing this year," Ramos said. "So they're going to have to see how to pay the workers. By contract they were supposed to have given us part of that payment in November."

Las Bambas has pumped out around 221,160 metric tons of copper from January to September this year, a 21.7% boost from the year before, according to sources at the mining ministry.

The mine's production has steadily increased after having to freeze operations at the beginning of the year due to roadblocks by anti-government protesters following December's ouster of President Pedro Castillo.

A source close to the mine said the company respects labor rights "and works hard to ensure a safe working environment for its workers," noting the labor ministry had declared the current strike "inadmissible".

The union, which represents more than 1,000 workers, is currently registering the strike set for Nov. 28 with the labor ministry, Ramos said.

Union set to strike at Peru's Las Bambas copper mine next week -leader
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email