Strike averted at Escondida

BHP has reached a preliminary deal with the supervisors’ union at its Escondida operation in Chile, avoiding a strike at the world’s largest producer of copper concentrates and cathodes, reported Reuters.

In late September, union members rejected a proposal from the company, prompting government mediation to avoid a work stoppage.

“It was agreed to extend the mediation for an additional day in order to finalize and sign a new collective bargaining agreement once it has been ratified by its members,” BHP said in a statement, adding that the mine continues to operate normally.

BHP has operated Escondida, an open-cut mine located in the Atacama Desert in the Antofagasta Region of northern Chile, for over 30 years. In 2022, the mine produced 1.05 million metric tons of copper.

Source: Reuters

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