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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Antofagasta plc    ANTO   GB0000456144

ANTOFAGASTA PLC

(ANTO)
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Antofagasta : Union at Antofagasta´s Centinela says preparing to vote for strike

11/20/2020 | 03:00pm EST

SANTIAGO, Nov 20 (Reuters) - A worker´s union at Antofagasta Minerals' Centinela copper mine in Chile is preparing to vote next week on a contract offer but says it will likely reject it, paving the way for a strike at the deposit, the union chief told Reuters on Friday.

Luis Redlich, president of the Centinela District union, said workers had set the bar high following their efforts to maintain copper output even during the height of the novel coronavirus outbreak in Chile.

He said the deal offered by the company should reflect their hard work. He said he was confident that the two would reach an agreement in government-mediated negotiations following next week´s vote.

"You get to the last offer, you vote and then there is {new} space for the conversation to reach its limits," he said.

Before then, he said, "we will have to vote to strike."

Antofagasta does not comment on its labor negotiations.

Chilean law says that once a union approves a strike, the parties then attend five days of government-mediated talks, which can be extended for an additional five days.

Centinela produced 276,600 tonnes of copper last year. (Reporting by Fabian Cambero, Writing by Dave Sherwood; editing by Grant McCool)


© Reuters 2020
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Financials (USD)
Sales 2020 4 885 M - -
Net income 2020 509 M - -
Net Debt 2020 267 M - -
P/E ratio 2020 27,2x
Yield 2020 1,79%
Capitalization 14 832 M 20 266 M -
EV / Sales 2020 3,09x
EV / Sales 2021 2,49x
Nbr of Employees 6 532
Free-Float 33,9%
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Antofagasta plc Technical Analysis Chart | ANTO | GB0000456144 | MarketScreener
Technical analysis trends ANTOFAGASTA PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 18,38 $
Last Close Price 15,05 $
Spread / Highest target 72,3%
Spread / Average Target 22,2%
Spread / Lowest Target -13,0%
EPS Revisions
Managers and Directors
NameTitle
Iván Arriagada Herrera Group Chief Executive Officer
Jean-Paul Luksic Fontbona Non-Executive Chairman
Hernán Menares Vice President-Operations
Mauricio Ortiz Group Chief Financial Officer
Ramon F. Jara Non-Executive Director
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