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BHP says labor deal reached with Escondida mine union

Published 08/15/2018, 07:05 PM
© Reuters.  BHP says labor deal reached with Escondida mine union
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  • BHP Billiton (NYSE:BHP) says it has reached a deal on a new labor contract with the union representing most workers at the world’s largest copper mine, the Escondida mine in Chile, although deal terms still must be put to a vote by the union's rank-and-file members.
  • News of the apparent deal followed six days of government-mediated negotiations, aimed at calming labor unrest after last year’s 44-day strike which rocked the global copper market and hurt Chile’s economy.
  • ETFs: OTCPK:JJCTF, COPX, CU, CPER, CUPM
  • Now read: Not Exactly Paradox, Reflation In Oil Deflation In Copper


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