BHP Dodges Chile Copper Strike With Eleventh-Hour Wage Deal bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) BHP Group averted a strike at its second-largest copper mine in Chile after workers at the Spence operation accepted a final wage offer on the last day of mediated talks.The deal will ease concerns over a potential stoppage that would have further tightened global supplies of the metal. It comes after staff at a BHP operations center in Santiago ended a strike and returned to work this week. Attention will now shift to wage talks at BHP’s giant Escondida mine.About 92% of the 1,07
By Reuters Staff
1 Min Read
SANTIAGO (Reuters) - Workers at BHP Group’s Spence copper mine in Chile said on Friday they had reached a new contract deal with the company, avoiding a strike.
The union representing 1,100 mine workers in the northern Atacama Desert, had been in government mediation talks after having rejected the most recent offer from the company.
“The new offer reached by mandatory mediation was approved,” Ronald Salcedo, president of the union, told Reuters.
The agreement comes at a time when copper prices have reached record highs thanks to prospects for a global economic recovery after the coronavirus pandemic.
A strike by workers for BHP's Escondida and Spence copper mines in Chile entered its fifth day on Monday, as the union awaited a decision by labor authorities over whether substitute workers the company called in are legal, a union leader told Reuters.
A strike by workers for BHP’s Escondida and Spence copper mines in Chile entered its fifth day on Monday, as the union awaited a decision by labor authorities over whether substitute workers the company called in are legal, a union leader told Reuters.