Mine Union at Escondida Says No to BHP’s Offer

Reuters reported that mine workers at Chile’s Escondida mine have rejected BHP’s pay offer.

As quoted in the market report:

The risk of a strike appears remote, however, because it is illegal to go on strike in Chile before official pay talks have begun. Collective contract negotiations at Escondida are due to take place after the current contract expires in June 2013.

To view the whole Reuters report, click here.