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Codelco Reaches Pay Accord With Supervisors at Andina

CHILE

Recent flurry of Chile headlines hitting the wires:

  • Chile's Codelco Reaches Pay Accord With Supervisors at Andina
    • Supervisors at the copper mine agreed to freeze base pay in exchange for a one-time bonus of 5.07 million pesos and other incentives linked to production and changes at the mine. (BBG)
  • Chile Assigned $2.37b in Special Drawing Rights from IMF: BCCh
    • As part of $650b Special Drawing Rights program assigned by the IMF Aug. 23, Chile's Central Bank said in a statement on its website.

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