Chile’s Collahuasi copper mine workers union and management have reportedly reached an agreement on a new labour contract. The new deal has helped avert the threat of a strike at the deposit, Reuters reported. The legal deadline for the negotiations is on 30 October. The new contract would be effective from 1 November.
Cainiao Smart Logistics Network announced a partnership to launch a charter program with Atlas Air Worldwide Holdings. This partnership will enhance Alibaba’s extensive logistics network as cross-border trade between China and Latin America continues to expand. Beginning in November, Atlas Air will operate 3 weekly charter flights dedicated to Cainiao, linking China with Brazil and Chile, reducing the overall shipping time from a week to three days on average.
The pause means the enrollment system has been closed for the 60,000-patient clinical trial while the independent patient safety committee is convened.
Copper touched a three-week high as demand from top consumer China and the threat of strikes by miners in Chile pushed prices closer to 27-month highs reached in September, though a strengthening yuan limited gains. Benchmark three-month copper on the London Metal Exchange (LME) was down 0.2% at $6,748 a tonne fter going as high as $6,785.25. The metal used in power and construction hit $6,877.50 as the Chinese industry reopened and speculators bought into the rally.
Chile's Servicio Nacional de Pesca y Acuicultura (Sernapesca) has lodged complaints against salmon farmer Salmones Blumar for the collapse of its Caicura farm located in Hualaihue, in Los Lagos Region. The complaint was made by Sernapesca's national director, Alicia Gallardo, before Chile's environmental superintendency on October 9.