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The mine is Codelco's third-biggest division and a strike would halt output, he said.
The news eased concerns that Yukos might halt output, a fear that has contributed to a recent spike in oil prices.
Douglas Frantz (NYT) AFRICA NIGERIA: OIL WORKERS HALT OUTPUT -- Strikers demanding pay raises of 40 to 60percentt closed several oil wells to demand a major pay rise.
Echlin has been fighting off a $3 billion hostile offer from SBX.See article: Consolidating componentsLoss-making Saab of Sweden, 50%-owned by General Motors, had to halt output of its cars.
The militants, who call themselves the Movement for the Emancipation of the Niger Delta, declared the cease-fire days after one of their most daring attacks, which forced Royal Dutch Shell to halt output from Bonga, its main Nigerian offshore oil field.
While strikes this week have paralysed the country and brought tens of thousands onto the streets, oil workers have so far not moved to halt output of crude.
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Chevron said it had halted output at Frade, which has the capacity to produce 80,000 barrels a day, while the company captures the oil in containment devices.
The cash cushion provided by the sale of these securities allowed Lucent to continue functioning relatively normally even as it went through an extensive restructuring process, shedding units and halting output of some products.
The quake had forced an initial suspension of up to a fifth of Chile's copper mining capacity – estimated at 4.5m tonnes in concentrate annually – as Anglo American and Codelco halted output at four mines.
General Motors is halting output at a pickup-truck plant in Louisiana next week because it is running low on an unspecified part from Japan, with ripple effects on other G.M. operations.
Kesha has been slowly emerging from a dark period of lawsuits and halted output with new work and ever-brightening good news.
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Justyna Jupowicz-Kozak
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