Unions at Escondida, Centinela, Philex’s Padcal copper mines vote for strike action

Fastmarkets10-01

Supervisors at BHP’s Escondida copper mine in Chile, the world’s largest, rejected the company’s final collective contract offer on Wednesday September 30, according to media reports. Two days earlier...

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Two days earlier...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/unions-at-escondida-centinela-philexs-padcal-copper-mines-vote-for-strike-action/\">Source Link</a>\n\n</div>\n","source":"fastmarkets_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Unions at Escondida, Centinela, Philex’s Padcal copper mines vote for strike action</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnions at Escondida, Centinela, Philex’s Padcal copper mines vote for strike action\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-01 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fastmarkets.com/insights/unions-at-escondida-centinela-philexs-padcal-copper-mines-vote-for-strike-action/><strong>Fastmarkets</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Supervisors at BHP’s Escondida copper mine in Chile, the world’s largest, rejected the company’s final collective contract offer on Wednesday September 30, according to media reports. Two days earlier...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/unions-at-escondida-centinela-philexs-padcal-copper-mines-vote-for-strike-action/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UYM","symbol_name":"基础材料指数ETF-ProShares两倍做多","start_time":0,"source_url":"https://www.fastmarkets.com/insights/unions-at-escondida-centinela-philexs-padcal-copper-mines-vote-for-strike-action/","article_id":"2672694857","we_media_id":null,"thumbnails":[],"rights":{"source":"fastmarkets_highlight","url":"https://www.fastmarkets.com/insights/unions-at-escondida-centinela-philexs-padcal-copper-mines-vote-for-strike-action/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2672694857","pubTimestamp":1790827200,"columns":[],"sourceInfo":{"source_id":"fastmarkets_highlight","name":"Fastmarkets"},"weMediaInfo":null,"summary":"Unions at three copper concentrate-producing mines voted in favor of strike action between Monday September 28 and Thursday October 1. The mines are BHP’s Escondida and Antofagasta Minerals’ Centinela in Chile, and Philex Mining’s Padcal in the Philippines.","collect":0,"end_time":0,"defaultTopTitle":"fastmarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UYM":"基础材料指数ETF-ProShares两倍做多","CPER":"美国铜指数基金","TC":"Token Cat Ltd","ICOP":"iShares Copper and Metals Mining ETF","BK4535":"淡马锡持仓","XME":"金属与采矿指数ETF-SPDR","COPJ":"SPROTT JUNIOR COPPER MINERS ETF","CPXR":"USCF DAILY TARGET 2X COPPER INDEX ETF","BK4009":"广告","COPP":"Sprott Copper Miners ETF"},"translate_title":"Escondida、Centinela 和 Philex 的 Padcal 铜矿工会投票支持罢工行动","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QCmain":1.5,"COPP":1.5,"COPJ":1.5,"UYM":1.5,"MHGmain":1.5,"CPXR":1.5,"CPER":1.5,"ICOP":1.5,"TC":1,"XME":1.5},"content_text":"Supervisors at BHP’s Escondida copper mine in Chile, the world’s largest, rejected the company’s final collective contract offer on Wednesday September 30, according to media reports. Two days earlier, members of two unions at Antofagasta Minerals’ Centinela mine, also in Chile, had voted to strike.\nIn the Philippines, the Philex National Mines and Allied Workers Union (NAMAWU) submitted the results of a strike vote to the labor department’s mediation board on Thursday October 1, Philex Mining said in a filing to the Philippine Stock Exchange.\nEscondida and Centinela copper mine disputes head to government mediation in Chile\nThe 1,020-member union representing supervisors at Escondida received the company’s final proposal the previous week and urged its members to reject it, Reuters reported. The union said 95% of participating members voted in favor of strike action.\nUnder Chilean law, the parties must now enter a five-day government-led mediation process before a strike can legally begin. The process can be extended by a further five days by mutual agreement.\nThe vote followed the death of an operator in a maintenance-related accident at Escondida on Wednesday September 23. On Friday September 25, the supervisors’ union rejected BHP’s request to suspend contract talks temporarily after the death. BHP said the request was intended to focus on supporting workers after the incident.\nEscondida said late on Thursday September 24 that operations were resuming gradually while it assessed conditions at the site.\nEscondida produced 1.26 million tonnes of copper on a 100% basis in BHP’s 2026 financial year, which ended on June 30, BHP said in its operational review published on July 16. Payable copper in concentrate fell by 7% to 1.05 million tonnes. BHP has guided Escondida production of 1.00-1.10 million tonnes for its 2027 financial year.\nBHP operates Escondida and holds a 57.5% interest. Rio Tinto holds 30% and Japan-based JECO Corp holds 12.5%.\nAt Centinela, members of the Minera Esperanza and Distrito Centinela unions, which have 708 members combined, voted 98.73% in favor of a strike on Monday September 28.\nThe unions want workers to receive the same benefits regardless of union affiliation. They said Antofagasta Minerals had refused to discuss equalizing benefits.\nAntofagasta Minerals does not comment on its collective bargaining negotiations. The company told Chilean newspaper Diario Financiero that the strike vote was a normal step in regulated collective bargaining and that it would continue to seek an agreement through dialogue, The Rio Times reported.\nCentinela produced 240,400 tonnes of copper in 2025\nThe mine’s copper-in-concentrate production fell by 13% year on year to 69,700 tonnes in the first half of 2026, mainly because copper grades were 14% lower, Antofagasta said in its half-year results on August 13. The company said bad weather at the ports had delayed end-of-period shipments from Centinela and Los Pelambres.\nAntofagasta’s copper concentrate TC/RCs were a net credit of $18.7 million in the first half of 2026, against an expense of $29.7 million a year earlier, according to the results. The company attributed the change to “the positive effects of trade agreements, mainly at Los Pelambres.”\nAntofagasta’s Centinela Second Concentrator will add 170,000 tonnes of copper-equivalent production, with ramp-up due to start at the end of 2027, the company said.\nAntofagasta lowered its full-year 2026 group copper production guidance to 625,000-655,000 tonnes from 650,000-700,000 tonnes, following a precautionary shutdown at Los Pelambres due to severe weather in Chile, according to its half-year results published on August 13.\nChilean mine production fell by 7% year on year in January-July, mainly because of reduced output at El Teniente, Escondida and Spence, the International Copper Study Group (ICSG) said in preliminary data published on September 24.\nPhilex union submits strike vote results, company warns of reduced operating capacity\nNAMAWU submitted the results of its strike vote referendum to the Department of Labor and Employment’s National Conciliation and Mediation Board for the Cordillera Administrative Region on October 1, Philex said. The union voted to strike on what the company described as the “alleged ground of bargaining deadlock.” The union had voted on September 22 to reject the company’s improved offer in negotiations for a new collective bargaining agreement, Philex said.\n“If the strike [proceeds], it may lead to reduced operating capacity,” Philex said in the filing.\nThe filing did not name the affected mine, give the vote margin, or say when a strike could begin.\nPadcal, in Benguet province, produces copper concentrate containing gold and silver. The mine produced 44,172 dry metric tonnes of copper concentrate in 2025, down by 8% from 47,823 dmt in 2024, Philex said in its 2025 annual report. Copper in concentrate fell by 8% to 18.155 million lb, from 19.78 million lb (about 8,235 tonnes and 8,972 tonnes respectively).\nPhilex attributed the lower output to falling ore grades, mechanical problems with old equipment and power interruptions. The company shipped nine concentrate cargoes in 2025 to buyers including IXM, Hartree, MRI Trading and Mercuria, according to the annual report.\nPhilex’s smelting charges fell by 53% to PHP 312 million in 2025, from PHP 656 million in 2024. The company said this was because TC/RCs were lower and smelters had offered negative TC/RCs.\nPadcal’s mine life has been extended to December 31, 2028, Philex said. The company’s Silangan project is designed to produce copper cathode, with flotation only added from year nine, according to the annual report.\nThere were no strikes at Philex in 2025, extending what the company called a five-year record of industrial peace, according to its 2025 sustainability report. The report said the collective bargaining agreements of the Padcal unions were in their final year in 2025.\nFastmarkets calculated the weekly copper concentrates treatment charge (TC) index, cif Asia Pacific — the midpoint between smelter and trader buying levels — at $(267.40) per tonne on Friday September 25, down by $3.60 per tonne from $(263.80) per tonne on September 18.\nThe copper concentrates TC implied smelters purchase, cif Asia Pacific, was calculated at $(233.90) per tonne on the same day, down by $3.60 per tonne from $(230.30) per tonne on September 18.\nThe copper concentrates TC implied traders purchase, cif Asia Pacific, was calculated at $(300.90) per tonne on September 25, down by $3.60 per tonne from $(297.30) per tonne on September 18.\n\nDiscover our LME Week Commodity Spotlight\nYour source for the most up-to-date updates, where our experts present their latest analysis of the base metals and battery raw material markets. \nYou can also find samples of our price data, forecasts and consulting projects.\n\nCheck out our content hub","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2672694857","isCrawlerRequest":true}