SANTIAGO, Oct 15 (Reuters) - Chile’s Antofagasta Minerals , one of the world’s top copper producers, said on Tuesday it had reached a labor agreement with a union of supervisors at its flagship Los Pelambres mine in Chile.
The newly inked 36-month contract includes a 1% hike in salaries, a signing bonus of $17,000 as well as loan incentives for workers, Antofagasta said in a statement.
The 271-affiliate guild had previously threatened to strike after failing to reach agreement with the Chilean miner.
Antofagasta in July reported a nearly 22% jump in copper output in the second quarter, helped by an expansion at the sprawling Los Pelambres mine.
In 2018, Los Pelambres production totaled 370,500 tons.
Reporting by Fabian Cambero, writing by Dave Sherwood Editing by Chizu Nomiyama