Chile Collahuasi Declares Force Majeure Following Port Accident
December 20 2010 - 11:34AM
Dow Jones News
Chilean copper mine Dona Ines de Collahuasi on Monday declared
force majeure on its copper concentrate sales contracts following
an accident that killed three at its Patache port, the company
said.
The force majeure comes on the heels of a 33-day labor strike
that ended earlier this month, but during which the company met all
its sales contracts.
"Collahuasi has declared Force Majeure over its copper
concentrate sales contracts until further notice, as a result of
the incident that happened on December 18th, 2010, when the
Shiploader suffered an unexpected structural failure causing the
death of three maintenance workers which Collahuasi deeply regrets
and severe damage to key elements of the loading facilities,"
company spokeswoman Bernardita Fernandez said in a brief
statement.
Collahuasi is evaluating the extent of the damage and how long
it will take to repair the shiploader.
"The causes of the structural failure are under investigation,"
she said.
-By Carolina Pica, Dow Jones Newswires; 56-2-715-8919;
carolina.pica@dowjones.com
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