🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BHP tries again to get Chile's Escondida union back to table

Published 14/03/2017, 03:51 am
BHP tries again to get Chile's Escondida union back to table
BHP
-
RIO
-
BHPB
-
RIO
-
HG
-
8058
-

By Fabian Cambero

SANTIAGO, March 13 (Reuters) - BHP Billiton BLT.L BHP.AX on Monday invited striking workers at its Escondida copper mine in Chile, the world's largest, to return to the negotiating table, after they rejected a similar approach on Saturday.

Escondida's 2,500-member union has been on strike since Feb. 9 after new contract talks fell apart, and the mine has produced no copper since then. Friday, the company invited the union to return the negotiating table. However, the union rejected the invitation, saying that it did not respect core non-negotiable conditions. a letter sent to the union on Monday and released to media, BHP addressed the workers' claims and proposed a meeting for Tuesday afternoon.

"The only form of resolving those points that distance the two sides will be sitting down for dialogue and having a face-to-face conversation," the company said.

The union is currently analyzing the content of the letter to determine its response, a union source told Reuters.

Escondida, which is majority-controlled by BHP, produced slightly more than one million tonnes of copper in 2016. Rio Tinto RIO.L RIO.AX and Japanese companies including Mitsubishi 8058.T hold minority interests in the mine.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.