Workers seal contract deal at Collahuasi copper mine, Chile

Workers at the Collahuasi copper mine, in Chile, owned by Anglo American and Glencore, have sealed a new contract with management that runs until 2020, the two parties said in a statement released on Friday. Under the terms of the agreement, workers in Collahuasi's main 1 485-member union will receive no wage raise, but each will score a significant one-time bonus of 11-million pesos ($16 400). The workers, 70% of whom voted in favour of the agreement, will also be offered a three-million-peso loan at zero interest.