Codelco reports ‘significant damage’ to Ministro Hales copper mine due to ‘acts of sabotage’

Codelco's Ministro Hales copper mine has suffered “significant damage” from “acts of sabotage” by strikers who seized control of the plant earlier this week, the company said.

Codelco’s Ministro Hales copper mine has suffered “significant damage” from “acts of sabotage” by strikers who seized control of the plant earlier this week, the company said.

Striking contract workers have cut a conveyor belt used to transport ore from the mine, “aiming to halt the continuity of the ramp-up of the operations”, the Chilean state-owned miner said on Tuesday evening.

This could lead to a production loss of about 70 tpd of fine copper, Codelco, the world’s largest copper producer, added.

“This equipment, which was loaded with ore, is fundamental for the entire production chain,” the company said.

Codelco added that the strikers have been active in high-risk areas of the plant, which could lead to serious accidents.

“It is not yet possible to quantify the impact of these acts and of the partial stoppage for [the company’s] production and results,” Codelco said in a filing with Chile’s stock market regulator, SVS.

Ministro Hales, located in northern Chile, is the first of Codelco’s structural projects and was close to being inaugurated.

The mine produced 141,000 tonnes of copper in 2014, contributing to an overall increase in Codelco’s output for the year, to 1.67 million tonnes.

Ministro Hales is the second site to be seized by strikers – operations at Salvador, Codelco’s smallest division, have been suspended since July 22.

Contractors went on strike on July 21 demanding the right to negotiate directly with Codelco on an increase in pay and benefits. 

One striker has died during clashes with the police.

On Tuesday August 4, the first roundtable session to discuss the situation was held in Santiago, involving Codelco and executives from the contractors.

The strikers represented by the Chilean copper workers confederation (CTC) did not attend the session.

Danielle Assalve 
danielle.assalve@metalbulletin.com
Twitter: dassalve_mb

What to read next
Fastmarkets has corrected its fob Australia alumina index, which was published incorrectly on Monday June 2 and Tuesday June 3 due to a back-end calculation error. Fastmarkets has also corrected all the related inferred indices. On June 2 the following prices were published incorrectly: Fastmarkets’ MB-ALU-0002 Alumina index, fob Australia, was published in error as $375.59 per […]
Mexico’s strategic role in automotive nearshoring is fueling demand for recycled aluminium, with investment in scrap-intensive sectors boosting its non-ferrous secondary markets. Despite tariff uncertainties, USMCA compliance and EV production growth continue to attract global manufacturers.
Goldcorp founder Rob McEwen is back in the spotlight with a bold bet on copper in Argentina. The $2.5 billion Los Azules project, set to become Argentina’s first major copper mine in over 30 years, is reshaping the country’s mining industry while raising sustainability standards. Positioned as a key player in addressing a global copper shortage, the project highlights innovation, persistence and a commitment to meeting the growing demand from global electrification.
Fastmarkets has launched MB-NI-0257, high-grade nickel matte payable indicator, 65-75% nickel contained, cif China, % of official exchange price on Friday May 30.
The following price was affected: MB-AL-0020 Aluminium P1020A premium, ddp Midwest US, US cents/lb.  This price is a part of the Fastmarkets Base Metals package. For more information or to provide feedback on the delayed publication of this price or if you would like to provide price information by becoming a data submitter to this price, please […]
The US aluminium industry is experiencing challenges related to tariffs, which have contributed to higher prices and premiums, raising questions about potential impacts on demand. Alcoa's CEO has noted that sustained high prices could affect the domestic market. While trade agreements might provide some relief, analysts expect premiums to remain elevated in the near term. However, aluminum demand is projected to grow over the long term, supported by the energy transition and clean energy projects. To meet this demand, the industry will need to increase production, restart idle smelters and address factors such as electricity costs and global competition.