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Capstone Copper Corp. (ASX:CSC)

ALERT: Price-sensitive ASX Announcement for CSC
Current share price for CSC : $14.010 -0.955 (-6.38%)+
Announcement
Release
2 Jan 2026 11:31AM
Price at Release
$14.965
Full Release
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Summary
Capstone Copper Corp. announced that Union #2 at the Mantoverde Mine in Chile will commence strike action on January 2, 2026. This union represents about 50% of the Mantoverde employees, or 22% of the total workforce. Despite efforts to negotiate a new collective bargaining agreement, the strike was declared, which will result in a gradual reduction of certain activities at the mine. Capstone Copper plans to maintain operations at up to 30% of normal production levels during the strike. The company remains committed to engaging in dialogue with the union to reach a resolution and will continue to follow legal procedures and respect employee rights. In 2024, Capstone contributed $682 million to Chile’s economy, which included $136 million in employee wages and benefits. Mantoverde employs approximately 1,270 people, with a total workforce of about 2,940 including contractors.
Key Points
  • Union #2 at Mantoverde Mine to strike on January 2, 2026.
  • Union represents about 50% of Mantoverde employees.
  • Capstone attempted negotiation for new collective bargaining agreement.
  • Operations to continue at up to 30% of normal production during strike.
  • Company remains willing to negotiate and respects employee rights.
  • In 2024, Capstone contributed $682 million to Chilean economy.
  • Mantoverde employs approximately 1,270 people with a total workforce of 2,940.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.