Escondida Deal Hopes Fade as Sides Give Contradicting Views
- Copper mine stoppage in northern Chile is in its third week
- Mine’s union says there have been no discussions in a week
BHP Billiton CEO on Escondida Talks, Trump, Commodities
This article is for subscribers only.
Copper traders were left confused over the state of play at the world’s top copper mine: the owner said wage talks had resumed, while the union said striking workers have had no contact with management for a week.
“The good news is that we are back around the table and things are starting to come together in some form of a negotiation,” BHP Billiton Ltd. Chief Executive Officer Andrew Mackenzie told Bloomberg TV on Monday. “Let’s wait and see, and others I’m sure will update you on the progress of those talks.”