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Chilean strike delays 10,000T of Anglo American copper

Keywords: Tags  Chile, Chilean dock strike, Anglo American, copper, John MacKenzie, Codelco, dock strike, copper cathode copper anode


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 miner’s copper division, said. "The only thing impacting us is that the strike delayed about 10,000 tonnes of copper (cathode and anode) sales, but it’s 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.


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