Escondida supervisors agree on labor deal
2020-10-19 09:50:14 [Print]
The union of supervisors at BHP's Escondida mine in Chile last Friday said it had reached an agreement on a labor deal, averting the threat of a strike at the world's largest copper deposit.
The new contract with the mine operator was approved in a 58% to 41% vote by the union's members.
Supervisors at the sprawling Escondida mine rejected BHP's final offer in contract negotiations, but talks nonetheless continued through last week ahead of the agreement.
Several labor negotiations at mines in Chile, the world's top copper producer, have supported copper prices in recent weeks.
Escondida produced 1.19 million tons of copper in 2019.
The new contract with the mine operator was approved in a 58% to 41% vote by the union's members.
Supervisors at the sprawling Escondida mine rejected BHP's final offer in contract negotiations, but talks nonetheless continued through last week ahead of the agreement.
Several labor negotiations at mines in Chile, the world's top copper producer, have supported copper prices in recent weeks.
Escondida produced 1.19 million tons of copper in 2019.
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