💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Workers at BHP Billiton's Spence mine in Chile go on 24-hour strike

Published 13/05/2016, 11:17 pm
© Reuters.  Workers at BHP Billiton's Spence mine in Chile go on 24-hour strike
BHP
-
BHPB
-
HG
-

SANTIAGO, May 13 (Reuters) - Workers at BHP Billiton's BLT.L BHP.AX Spence mine in northern Chile have entered a 24-hour strike, a union representative said on Friday, citing slow progress in labor talks.

The action follows another one-day protest at Spence starting on May 3, in which the union also cited slow progress in ongoing negotiations.

"Starting first thing this Friday, workers at the Spence mine returned to strike after non-existent advances regarding the solutions that were demanded to a series of problems that are affecting them," Pedro Valdivia, director of conflicts at the Chile Mining Federation, said in a statement.

"It must be mentioned additionally that Spence recently fired around 7 percent of its personnel, which has meant a considerable increase in labor load and, subsequently, deficient security conditions."

Sources at BHP Billiton confirmed the strike.

In April, the company laid off about 7 percent of its 1,060 workers, following a trend among copper mines in Chile who have been squeezed by low prices and light demand in key importer China. produced 175,600 tonnes of copper last year.

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.