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...The big impact of the initiatives to reduce the work week across all sectors wouldn’t generate higher productivity, or more time off for workers . . . it would increase labour costs,” said Lorenzo Roel Hernández...
...Governor Gerardo Esquivel Hernández voted for an increase of 50 percentage points. “The statement feels less restrictive . . . ....
...“The faster spread of shocks [encouraged by indexation] can cause a series of bad outcomes,” said Santiago Manoukian, chief economist at consultancy Ecolatina in Buenos Aires....
...Chile also needs to depoliticise the process of securing mining permits, said Jorge Bande, a director of Cesco, Santiago’s leading mining think-tank....
...Santiago Suárez, the charismatic young entrepreneur who started the company, explains the business....
...The change at the top of one of the world’s largest listed copper companies comes days after the leading gathering of miners and traders of the metal in Santiago, with gloom over a prolonged downturn in...
...In executive boardrooms across Santiago, there is a growing fear that leftist reforms championed by Chile’s president Michelle Bachelet threaten the free-market model that has produced what is arguably the...
...Mr Hernandez says: “If it’s approved in its current form, it will make the trade unions more powerful....
...The loss in productivity since 2004 is the result of a decline in the ore grade — the quantity of copper per unit mined — and growth in the workforce, Mr Hernandez said....
...Black flags hang from the doors of the one-storey red brick houses in Caimanes, a village that lies in the hills north of Santiago on the course of the Pupio stream....
...“Price discovery [for copper] is according to what happens in China,” he told the Financial Times during an interview in Santiago....
...García’s ageing middle-class party girl, seeking love nightly in dance bars, fastens on balding grey disco-lizard Rodolfo (Sergio Hernández)....
...If it doesn’t, then in the next three or four years it will start to have problems,” said Diego Hernández, executive president of Antofagasta, Chile’s largest private sector mining company....
...“The supercycle for Chile is over – because the costs have caught up,” said Gustavo Lagos, professor of mining at Santiago’s Universidad Católica....
...Certainly by 2014-2015 we will see a surplus,” says Diego Hernández, chief executive of London-listed copper miner Antofagasta....
...Additional reporting by Jude Webber in Buenos Aires and Gideon Long in Santiago...
...Mr Hernández’s prediction encapsulates a mood of nervousness that has pervaded the annual Cesco week gathering of the copper industry in Santiago, as traders and investors fear that Chinese companies could...
...“We have invested, in today’s money, $1bn per year for the last 40 years – now we are tripling that,” says Diego Hernández, chief executive, at Codelco’s Santiago headquarters. “It’s a big challenge.”...
...The companies, which were due to meet in court in Santiago on Tuesday, have both requested that legal action be suspended to allow them time to discuss a possible agreement....
...The two sides had been due to meet in court in Santiago on Tuesday but Mr Hernández said the company would “explore again whether we can find points of agreement” before legal proceedings are due to reconvene...
...They should find a quiet bar in Santiago and thrash out a commercial deal. Email the Lex team in confidence at lex@ft.com...
...Indeed, few miners in Santiago this week were concerned by the prospect of a “hard landing” for the Chinese economy....
...Ms Carroll was rebuffed by Codelco and top officials in Santiago last week, but said: “I think this is a matter of Codelco and Anglo American coming together … We’re saying to Codelco, there is a remaining...
...No deal was reached because Anglo’s offer was too low, Mr Hernández said....
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