- Write by:
-
Saturday, October 10, 2020 - 12:33:19 PM
-
866 Visit
-
Print
Mining News Pro - The union of supervisors at Chile’s Escondida mine, the world’s largest copper deposit, said it had rejected BHP´s final offer in contract negotiations, raising the specter of a strike.
According to Mining News Pro -A tally viewed by Reuters showed 78% of the union´s members voted against the offer. The union has yet to announce when the strike might begin.
Copper prices have been supported recently by concern about potential strikes in Chile, the world’s biggest producer.
Escondida could continue to operate even if the supervisors walk off the job, but a strike could create bottlenecks and slowdowns.
The union and management ended five days of government mediation on Thursday after failing to reach agreements during the initial bargaining period.
Escondida produced 1.19 million tons of copper in 2019.
Short Link:
https://www.miningnews.ir/En/News/605966
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
China’s copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, ...
A takeover of Anglo American Plc would need to be pitched at more than £30 ($37.6) per share, a higher price than BHP ...
Barrick Gold is not interested in bidding for Anglo American, which last week received a $39 billion takeover offer from ...
BHP Group can’t cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, ...
Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off ...
Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand ...
Glencore expects profit at its trading division this year to be at the top end of its long-term annual guidance, in an ...
Top copper producer Codelco reported a decline in quarterly output due to lower quality ore at its aging Chilean mines — ...
No comments have been posted yet ...