Australian Coal Mining Union Accepts BHP Offer

CNBC reported that unionized coal miners have accepted BHP Billiton’s employment contract offer, ending two years of industrial action.

As quoted in the market report:

In a ballot conducted last week and tallied on Monday, the latest offer, which boosts company retirement fund contributions, was approved by 60 percent of voters, the Construction, Forestry, Mining and Energy Union said.

To view the whole CNBC report, click here.