Chile
News

Sonami: 12,000 miners out of work in 2008 following start of crisis

Bnamericas Published: Thursday, January 22, 2009
Some 12,000 Chilean miners lost their jobs last year following the outbreak of the global financial crisis, Alfredo Ovalle, president of Chile's private miners association Sonami, said at a Santiago press conference on Thursday. "In response to the crisis we estimate that 12,000 jobs were reduced in the mining sector by December 31," Ovalle said, adding that the job losses have cut Chile's mining employment by 16%. The nation's small and midsize miners were the hardest hit. Ovalle said that in October-December some 31% of companies in the sector went out of business, reducing producers from 2,065 to 1,433. Mine output within the same time period decreased by 38%. As a result, Ovalle urged Chile's finance ministry to approve further financial aid for small and midsize producers. Sonami has an ongoing analysis project to determine exactly how many layoffs have occurred within the association's member companies. Chile is the world's largest copper producer.

To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.

Subscribe to BNamericas and gain access to thousands of project profiles, key contacts and news.

Other projects in: Mining & Metals (Chile)

Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.

  • Project: El Tofo
  • Current stage: Blurred
  • Updated: 2 months ago
  • Project: Alcaparra
  • Current stage: Blurred
  • Updated: 2 months ago

Other companies in: Mining & Metals (Chile)

Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Minera Escondida Ltda.  (Minera Escondida)
  • Minera Escondida Ltda. is a Chilean miner which operates the largest copper mine in the world. It produces copper concentrates from copper sulfide ore processed by flotation, an...
  • Company: Strabag/Züblin Chile
  • Züblin International GmbH Chile SpA, part of the Strabag group of companies, is a Chile-based construction contractor focused on the infrastructure, energy and mining sectors. Z...