This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Labor Dispute Afflicts Chile's Collahuasi Mine

SANTIAGO, Chile (AP) â¿¿ Contract workers at the private Collahuasi copper mine in northern Chile say they have paralyzed operations to demand better compensation and work rules.

The mine is owned by London-based miner Anglo American PLC and Japanese investment house Mitsui & Co. Mine representatives were not available to describe the impact on production.

Contract workers number about 4,400 and account for three out of four jobs at Collahuasi. The mine produced 535,000 metric tons of copper last year.

Chilean Mining Labor Federation President Pedro Marin said Sunday the mine is running on emergency shifts and that all accesses have been blocked by contractors.

Mine manager Juan Carlos Palma said the company is open to discussions.

Copyright 2010 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
AAL $42.64 0.40%
AAPL $132.90 1.10%
FB $81.03 0.68%
GOOG $542.37 -0.03%
TSLA $246.80 0.48%


DOW 18,272.49 -13.25 -0.07%
S&P 500 2,130.19 -0.63 -0.03%
NASDAQ 5,097.9520 +7.1580 0.14%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs