Cerro Verde labor talks continue with majority of workers having signed

Negotiations for a new collective labor agreement (CLA) at the Cerro Verde copper mine in Peru are ongoing, with around 65% of hourly workers having signed new contracts as of the end of September, according to US copper producer Freeport-McMoRan.

The company, which owns a 53.56% stake in Cerro Verde, said the CLA expired on August 31 and that ongoing talks may result in additional charges to the mine's shareholders. 

SMM Cerro Verde Netherlands BV, a subsidiary of Sumitomo Metal Mining Company, owns...

Published

Andrea Hotter

October 21, 2021

15:16 GMT

New York