SANTIAGO, Chile Anglo American Plc has seen a delay in shipments of about 10,000 tonnes of copper due to a Chilean dock strike, but the company is nowhere near needing to declare force majeure on its deliveries.
"The dock strike (did) not have a huge impact on us because the ports from which we ship our concentrates (were) all operating," John MacKenzie, chief executive officer of the London-based miners copper division, said. "The only thing impacting us is that the strike delayed about 10,000 tonnes of copper (cathode and anode) sales, but its not a major problem."
The strike began at the northern port of Angamos and was followed by strikes at other Chilean facilities (amm.com, March 28).
Santiago-based miner Corporación Nacional del Cobre de Chile (Codelco) said that the strike has blocked about 60,000 tonnes of its copper exports, equivalent to about $500 million in revenue.