|Bid||1,053.50 x 0|
|Ask||1,054.50 x 0|
|Day's range||1,046.50 - 1,072.50|
|52-week range||9.20 - 1,083.00|
|Beta (5Y monthly)||0.69|
|PE ratio (TTM)||20.73|
|Earnings date||20 Aug 2020|
|Forward dividend & yield||0.12 (1.08%)|
|Ex-dividend date||23 Apr 2020|
|1y target est||11.28|
(Bloomberg) -- Workers at Antofagasta Plc’s Zaldivar copper mine in Chile accepted a revised wage offer, averting a strike that threatened to add to supply concerns in the metal’s top-producing nation.Union members voted 387 in favor of the definitive offer to 236 against in polling that ended Saturday, according to a union document, a copy of which was seen by Bloomberg.The two sides had extended government-mediated talks in order to put the offer to union members. The accord comes after talks broke down during regular collective bargaining proceedings. To avoid a strike, Antofagasta requested a mediation process afforded under local labor law.The wage accord eases Chilean supply concerns that have helped fuel a copper price rally. Mines that account for a quarter of global output have shelved non-essential activities to focus on operations during the pandemic.Separately, supervisors at Antofagasta’s Centinela mine are also engaged in mediated talks with management. The two open pit mines are in the Antofagasta region of northern Chile. The company’s largest mine, Los Pelambres, is further south in Coquimbo.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In Chile, unlike most of Latin America, coronavirus cases appear to have already peaked, according to Financial Times data. More good news: production of copper from miners such as state-run Codelco — the world’s largest — and London-listed Antofagasta have held steady this year. Economically sensitive copper has rallied sharply in response, up 37 per cent from its March low to $2.90 per pound.
This article will reflect on the compensation paid to Iván Arriagada Herrera who has served as CEO of Antofagasta plc...