Page 65 - Escondida News Today

Copper prices continue to slide despite the threat of strike action at two of the world’s biggest copper mines – both owned by BHP – in Chile. Workers at BHP Escondida and Spence copper mines in Chile, will seek to start strike action over a new award after government labour officials tried but failed to mediate an agreement over five days of talks. “The (company’s) last offer is too low,” union secretary Robert Pasten told Reuters on Tuesday. “Today, in an assembly, we will deci...

A union representing workers at BHP Group’s (BHP.AX) Escondida and Spence copper mines will seek to start a strike, it said on Tuesday, after government labor officials tried but failed to mediate an agreement.

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Copper price down again despite strike threat at world’s largest mine Striking workers gather at Escondida entrance in March 2017. Archive image The copper price edged lower on Tuesday despite the threat of strike action at two of the world’s biggest copper mines and signs of growing Chinese demand. Futures prices for copper metal for delivery in July was down 2.1c per lb. at $4.51 ($9,942.85 per tonne) on Tuesday afternoon from the prior settlement on the Comex market in New York. Copper ...

BHP Remote Copper Operators Move Closer to Strike in Chile James Attwood, Bloomberg News An employee stands on a lift inside the Teniente copper mine near Rancagua, Chile. Photographer: Laura Millan Lombrana/Bloomberg , Photographer: Laura Millan Lombrana/Bloomberg (Bloomberg) -- Workers at BHP Group’s remote operations center in Santiago rejected the company’s final wage offer, triggering a mediation process in a bid to avoid a stri...

Copper prices rose on Monday as worries over supply from top producer Chile mounted after workers at two mines rejected a contract offer from the company and threats of a strike loomed.

[LME Market: copper futures fall, inflation fears outweigh political risks in South America] Copper futures on the London Metal Exchange (LME) fell on Wednesday as rising inflation pushed investor sentiment into risk aversion, outweighing potential supply disruptions in major South American producing areas. 17:00 London time (00:00 domestic time on May 20th)), LME copper for three-month delivery closed down $403.50, or 3.88%, at $10001.50 a tonne. The content below was translated by Tencent aut...

EnergyEXCLUSIVE Chiles Escondida copper mine union hopes for deal but girds for strike Fabian Cambero 1/4 Striking workers from Chiles Escondida copper mine march through the streets of Antofagasta, north of Santiago, July 28, 2011. REUTERS/Moises Avila Read More The union representing workers at Chiles Escondida copper mine, the worlds largest, said on Wednesday it was preparing for a lengthy strike if owner BHP (BHP.AX) did not drop a historically "awful" attitude towards its labour force to ...

Article content LONDON — Copper prices rose on Thursday as a softer dollar and worries about a strike in Chile spurred purchases, but plans by top consumer China to manage the supply, demand and prices of commodities capped gains. Benchmark copper on the London Metal Exchange was up 0.6% at $10,058 a tonne at 1041 GMT. However, prices of the metal used widely in power and construction are down 6% since hitting a record high at $10,747.50 a tonne earlier in May. We apologize, but this video ha...

(Recasts, adds comment, changes dateline from Hanoi) LONDON, May 20 (Reuters) - Copper prices rose on Thursday as a softer dollar and worries about a strike in Chile spurred purchases, but plans by top consumer China to manage the supply, demand and prices of commodities capped gains. Benchmark copper on the London Metal Exchange was up 0.6% at $10,058 a tonne at 1041 GMT. However, prices of the metal used widely in power and construction are down 6% since hitting a record high at $10,747.50 a ...