BHP to reply to union counter-proposal at Escondida mine on June 11

BHP Billiton will respond to a counter-proposal by the workers’ union at its Escondida copper mine in Chile on Monday June 11, the Escondida No 1 union said on its website, which could advance progress in the ongoing dispute between the two parties amid rallying copper prices.

The Anglo-Australian mining company owns 57.5% of Escondida, the world’s largest open-pit copper mine. The announcement comes after copper prices rallied to fresh highs. “Copper prices hit a 4½ year intraday high of $7,348 [per tonne on Thursday on the London Metal Exchange], lifted primarily by concerns over the Escondida [mine], but then staged a...

Published

Michael Roh

June 08, 2018

23:24 GMT