Announced a delay in the sulphide project at El Abra due to poor market conditions.
March 31, 2007
A feasibility study was completed that evaluated the development of the large sulfide deposit on the property. This project would extend the mine life by nine years. Copper production from the sulfides is expected to begin in 2010. In March 2007, an environmental impact study associated with the sulfide project was submitted to Chilean authorities.
December 16, 2005
The strike at Chilean railroad FCAB, which serves the country's largest
copper mines, went into its 10th day Friday after hopes of reaching an
agreement with workers were dashed, a company official told BNamericas. Union leaders agreed to a new company offer during a meeting on December 14 but 53.7 per cent of workers voted against the deal the following day, said FCAB spokesperson Carlos Yanine.
(See BNamericas:
Workers reject deal, railroad strike continues
)
)