{"id":934835,"date":"2018-08-17T10:52:44","date_gmt":"2018-08-17T10:52:44","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=934835"},"modified":"2018-08-17T10:52:44","modified_gmt":"2018-08-17T10:52:44","slug":"jx-nippon-mining-mitsui-dodge-strike-at-chiles-caserones-mine-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=934835","title":{"rendered":"JX Nippon Mining, Mitsui dodge strike at Chile’s Caserones mine"},"content":{"rendered":"

By Cecilia Jamasmie<\/a><\/span> <\/p>\n

The main union at Chile’s Caserones copper mine, majority-owned by Japan’s JX Nippon Mining and Mitsui Mining, has accepted an adjusted contractual offer from management, which marks the end of the negotiation process and removes the threat of a strike.<\/p>\n

\u201cWe have reached an agreement on the drafting of the collective contract, and we have signed the collective agreement,\u201d the board said in an internal memo<\/a> sent to workers early on Friday.<\/p>\n

Had a deal not been reached, workers were ready to go on strike Friday morning.<\/q><\/p>\n

Talks between the parties were about to fail several times during the negotiation process over last-minute differences, but the company and union members finally reached an agreement past midnight Thursday.<\/p>\n

Caserones mine, behind schedule<\/a> ever since it began producing in May 2014, not only has been affected by threats of strikes and a series of technical problems in its ramp-up phase. It has also cost the Japanese miners hefty impairment charges<\/a>.<\/p>\n

JX Nippon Mining, the metal unit of JXTG Holdings, which has a 51.5% stake in Caserones, posted in April <\/a>a 128.6 billion yen-charge (about $1.2bn at today’s rate) for the mine in the financial year to March 31, which brought its total impairment loss on the operation to 276.9 billion yen.<\/p>\n

Japanese trading house Mitsui & Co, in turn, reported in May<\/a> its first loss since it was established in 1947, following a series of one-time impairment charges, the largest of which came from its interests in the Northern Chile-based copper mine.<\/p>\n

Caserones, located at an altitude of 4,200m to 4,600m above sea-level, close to the border with Argentina, produced last year 122,800 tonnes of copper, just over 2% of Chile’s total annual copper output.<\/p>\n

The figure still fell short of the 150,000 tonnes target intended when kicking off construction of the mine, operated by Minera Lumina Copper Chile (MLCC).<\/p>\n

The post JX Nippon Mining, Mitsui dodge strike at Chile’s Caserones mine<\/a> appeared first on MINING.com<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Mining.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Cecilia Jamasmie The main union at Chile’s Caserones copper mine, majority-owned by Japan’s JX Nippon Mining and Mitsui Mining, has accepted an adjusted contractual offer from management, which marks the end of the negotiation process and removes the threat of a strike. \u201cWe have reached an agreement on the drafting of the collective contract, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/934835"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=934835"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/934835\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=934835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=934835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=934835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}