Capstone Copper Corp. (CS.TO,CSC.AX) announced that Union #2, one of the four unions at the Mantoverde Mine in Chile, representing approximately 50% of Mantoverde employees, or 22% of the total workforce, will commence strike action effective January 2, 2026. Prior to the strike notice, Capstone engaged in good faith negotiations to reach a new collective bargaining agreement with Union #2. As a result of the strike, certain mine activities will be gradually reduced in a safe manner. During this period, Capstone expects to continue operations at Mantoverde at up to 30% of normal production levels.
Capstone Copper emphasized its willingness to participate in meetings to reach a resolution and reaffirmed its commitment to legal procedures, employee rights, and constructive dialogue. The company will continue to provide authorities with all requested information and remains dedicated to the highest standards of integrity and transparency. Capstone looks forward to resuming its focus on safe and responsible mining at Mantoverde, which delivers significant benefits to both its workforce and surrounding communities.
In 2025, Mantoverde successfully negotiated new three-year collective bargaining agreements with the three other unions, underscoring the Company's ongoing efforts to maintain strong labor relations.
For comments and feedback contact: editorial@rttnews.com
Business News
December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.