Bitget App
Trade smarter
MarketsTradeFuturesStocksEarnInstitutionAI & More
Supervisors at BHP’s Escondida mine in Chile reject offer, paving the way for a strike

Supervisors at BHP’s Escondida mine in Chile reject offer, paving the way for a strike

Mining.comMining.com2026/09/30 20:54

Supervisors at Chile’s Escondida copper mine, the world’s largest, rejected a collective contract offer on Wednesday, paving the way for a potential strike at the site.

Last week, the 1,020-member union received the final proposal and urged its members to reject it in the vote.

Under Chilean law, the parties must now enter a mandatory five-day government-led mediation process, which can be extended by mutual agreement for another five days, before a work stoppage can legally begin.

“The company’s offer demonstrated a complete disregard for the contribution made by supervisors and staff to the production and multi-billion-dollar profits of the world’s largest copper mine,” the union said in a statement, adding that 95% of participating members voted in favor of strike action.

On Friday, the supervisors rejected the company’s request to extend contract negotiations following the death of an operator in a maintenance-related accident.

The union said the offer does not represent a material increase over the current contract and objected to requirements that supervisors train to perform plant operations such as driving trucks.

BHP (ASX: BHP), which operates Escondida, did not immediately respond to a request for comment.

Rio Tinto (LON: RIO) holds a 30% stake in the mine, while Japan-based JECO owns 12.5%.

(Reporting by Fabian Cambero, Editing by Iñigo Alexander)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Only twice in history! S&P 500 equal-weight index is expected to record seven consecutive weeks of decline this week

The S&P 500 Equal Weight Index is expected to fall for a seventh consecutive week. If this downward trend continues through Friday, it will mark only the third time in history that the index has experienced seven straight weeks of decline.

智通财经•2026/09/30 23:17

Trump “bites” Powell, demanding his resignation from the Federal Reserve Board, citing severe cost overruns in headquarters renovation.

U.S. President Trump on Wednesday called for former Federal Reserve Chairman Powell to resign from his position as a Fed governor, following an inspector general report on the Federal Reserve headquarters renovation project, which highlighted a series of management issues that led to significant cost overruns.

智通财经•2026/09/30 23:17