Anglo American cuts 180 jobs at Los Bronces copper mine in Chile

Global mining company Anglo American has reportedly laid off 180 workers at its Los Bronces copper mine in Chile.

According to Reuters, the move aims to improving productivity at the site.

The company stated that the layoffs will help in tackling rising costs and improve efficiency at the mine.

Located in the Andean Mountains nearly 65km north-east of Chilean capital of Santiago, the Los Bronces mine produces copper, molybdenum and cathodes.

In a statement, Anglo American was quoted by the news agency as saying: “The future viability of Los Bronces requires an adjustment in the way we’re organised, how we work and the technology that we use, in order to boost our efficiency and productivity.”

However, the mine’s union body has expressed its concern over the lay-offs with Union #2 staging a temporary walk-off before the announcement. The group is also considering to further intensify their protests against the move.

Last year, Los Bronces produced 369,500t of copper.

“Union #2 is considering to further intensify their protests against the move.”

Anglo American operates the site with a 50.1% stake. Mitsubishi holds 20.4%, while Chile’s state-owned Codelco and Mitsui hold the remaining 29.5% stake in the copper mine.

As of 31 December 2011, existing ore reserve at Los Bronces stood at 2.17 billion tonnes grading 0.62% Cu (11.5mt of contained copper).

Anglo American is engaged in producing platinum, diamonds, copper, coal, iron ore, nickel and manganese. Besides Anglo American, several other mining companies are working to consolidate their operations in Chile in a bid to increase productivity.

The post Anglo American cuts 180 jobs at Los Bronces copper mine in Chile appeared first on Mining Technology | Mining News and Views Updated Daily.



from Mining Technology | Mining News and Views Updated Daily http://bit.ly/2sWKLwz

Comments

Post a Comment

Popular posts from this blog

Mine management and predictive maintenance are top priorities for miners

Image
While miners are starting to trial and make small investments in technologies such as augmented reality (AR), virtual reality (VR) and cloud computing, the traditionally conservative mining sector remains focused on improving efficiency and productivity by continuing to invest in mine management software and predictive maintenance. GlobalData’s latest report, Global Mine-Site Technology Adoption Survey 2018 , reveals that while investment by the majors is currently well ahead of mid-tier miners and producing juniors, higher shares of the latter two groups are planning investments in mine management software and predictive maintenance given their immediate impact on improving productivity. Source: GlobalData Mining Intelligence Center The report includes data and analysis from the company’s survey of over 200 worldwide mine sites which investigated the extent to which mines had invested in 13 different technologies ranging from communication systems to drones, predictive maintenance...
Read more

Life Insurance for Older Parents

Image
You never stop being a parent. Even in old age, we still worry about our children and what their future will look like once you are no longer in their lives. Fortunately, with a secure life assurance set up, you are given the opportunity to take care of them even after you are gone. If you are an aging parent and you have dependents who will suffer financial loss if you were to pass away, life insurance can help you find ways to safeguard your loved ones from any financial hardship when you are not around. Normally when you are older, you are settled and enjoying retirement or your golden years Your children are most often older and are now providing for themselves, leaving you only to take care of yourself and your spouse. This usually enables you to save in order to provide for your dependents in the case of your death. However, this is not always the case, which is why many older parents look into purchasing life insurance. Aging parents who are still working ...
Read more