BHP Reaches Preliminary Wage Agreement with Chilean Union at Spence Copper Mine to Avert Strike

Jun 12, 2024, 05:06 AM

BHP has reached a preliminary wage agreement with union leaders at the Spence copper mine in Chile. This deal is expected to avert a costly strike at the mine, which accounts for approximately 1% of the global copper supply. The agreement will now go to a vote by union members. This development comes amidst high copper prices, which have been bolstering the confidence of mine workers in wage talks. Additionally, BHP and the union have agreed to extend contract negotiations, which is expected to ease tensions in the busy schedule of Chile labor talks.