BHP Dodges Chile Copper Strike With Eleventh-Hour Wage Deal
- Accord allays fears of furthering tightening of global supply
- Avoiding a strike at Spence may augur well for Escondida talks
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BHP Group averted a strike at its second-largest copper mine in Chile after workers at the Spence operation accepted a final wage offer on the last day of mediated talks.
The deal will ease concerns over a potential stoppage that would have further tightened global supplies of the metal. It comes after staff at a BHP operations center in Santiago ended a strike and returned to work this week. Attention will now shift to wage talks at BHP’s giant Escondida mine.