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Weekly Report - 16 February 2017 (WR-17-06)
CHILE: La Escondida strike damages growth prospects
Miners at the ‘La Escondida’ mine, the world’s largest copper mine located in Chile’s northern Antofagasta Region, have gone on strike. The industrial action in demand of better pay and improved working conditions undermines Chile’s economic growth prospects this year. This is a matter of concern for the government led by President Michelle Bachelet and the ruling leftist Nueva Mayoría coalition given that Chile is already experiencing a prolonged economic slowdown and that the country will be holding general elections in November.
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