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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based copper focused mining company. The Company's principal assets are the 100% owned Gibraltar mine (Gibraltar), which is located in central British Columbia and is one of the largest copper mines in North America and the Florence Copper project, which is under construction. The Company also owns the Yellowhead copper, New Prosperity gold-copper, and Aley niobium projects. The Florence Copper project is located south of Phoenix in the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola region of British Columbia, approximately 150 kilometers (km) northeast of Kamloops near the town of Vavenby. The Aley niobium project is located in northeast British Columbia. The New Prosperity property is located in south-central British Columbia and hosts one of the most significant copper and gold deposits in Canada. It is also located in an area of cultural significance to the Tsilhqot'in Nation, known as Teztan Biny and Nabas.


TSX:TKO - Post by User

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Post by Shermandrock1on Jul 08, 2018 6:17pm
79 Views
Post# 28285761

June 25th Codelco Possible Strike

June 25th Codelco Possible Strike

Workers at Codelco's Chuquicamata mine threaten strike

 

SANTIAGO (Reuters) - Workers at Codelco’s Chuquicamata copper mine in Chile, the state miner’s second largest by output, are threatening to walk off the job soon to protest plans to transform the century-old open pit into an underground mine, a union leader said on Monday.

Four of the Chuquicamata’s six workers’ unions voted to go ahead with strikes, alleging the company’s plans to overhaul the mine - a key cog in its $39 billion 10-year drive to update its aging deposits - had failed to address the concerns of the mine’s nearly 5,664 workers.

“We are going through the worst moment in our labor relationships under {Codelco CEO Nelson} Pizarro,” said Liliana Ugarte, president of union No. 2 at Chuquicamata. “This lack of participation obligates us to take action.”

Ugarte said the unions had not set a date for the walk-off but had begun preparations.

Codelco, the world’s top copper miner, declined to comment on the situation.

The company signed 27-month contracts in December 2016 with six Chuquicamata unions after relatively rapid talks but the labor situation has worsened recently as the mine overhaul confronts delays for technical reasons and rising costs.

The union said the company had announced it would eliminate as many as 1,700 jobs at the mine and said Codelco had not given proper consideration to the “social and economic” impacts of the layoffs.

The tension at Chuquicamata comes amid labor negotiations at Escondida, the world’s largest copper mine, as workers and mine owner BHP seek common ground following an historic strike last year that ended without a real resolution.

 

Codelco also said last week it had failed to reach agreement in early talks with a union at its much smaller Salvador copper division, pushing off further negotiations until later this year when its contract expires.

Chuquicamata produced 330,900 tonnes of copper in 2017, out of Codelco’s 1.734 million tonnes total.

Reporting By Dave Sherwood and Antonio de la Jara; Editing by Bill Trott


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