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copper investing

Escondida Workers Agree to Early Talks with BHP

Investing News Network
Nov. 27, 2012 11:41AM PST
Base Metals Investing

Reuters reported that workers at the top copper mine in the world, Escondida, have agreed to have early labor talks with the mine’s controller, global miner BHP Billiton.

Reuters reported that workers at the top copper mine in the world, Escondida, have agreed to have early labor talks with the mine’s controller, global miner BHP Billiton.

As quoted in the market report:

Escondida’s union stunned the copper market last year by staging a two-week strike, which sent the mine’s output tumbling and raised the specter of an increase in labor action. Holding early talks this year suggests improved chances that the firm and workers can clinch a deal.

To view the whole Reuters report, click here.

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