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BHP CONFIRMS STRIKE AT CHILE MINE IS OVER.
MELBOURNE, Sept 1 Asia Pulse - BHP Billiton Ltd (ASX:BHP) has confirmed that strike action at the world's largest copper mine, Escondida, is over after union workers voted to end a 25-day strike.
A BHP Billiton spokeswoman today said miners will return to work at the Chilean mine tomorrow at 0800 local time.
The new pay deal approved in a ballot includes a Ch$9 million (US$17,000) bonuses payment for the end of negotiations and for market conditions, an interest-free loan of Ch$2 million (US$3,700) plus a five per cent increase in base salary.
BHP Billiton, which controls the mine, said it had allowed the improvements given that the union had undertaken to extend the duration of the contract until 2013.
"The company expresses its satisfaction for the agreement achieved, which is subject to its signature," said mine operator Minera Escondida.
The deal also allows for improvements in health, education and housing benefits for the workers and their families.
The union had sought an eight per cent pay hike, but BHP Billiton offered four per cent and ...
- Escondida expansion continues ... (Development).(BHP Billiton plc is expanding...
- Magazine article from: Mining Journal January 4, 2002 700+ words
Ken Picketing, president of BHP Billiton plc's base metals unit, says that the US$1 billion expansion of its 57.5%-owned Escondida copper mine in Chile will continue because the company has commitments to its contractors. The company...
- BHP Billiton will invest US$870mil at Escondida mine despite royalty regime...
- Newspaper article from: South American Business Information July 13, 2004 700+ words
Chile, Jul 13, 2004 (Estrategia/SABI via COMTEX) BHP Billiton, the Anglo-Australian mining group, has said that it will...construction of a new copper sulphide leaching plant at its Escondida mine, in Chile, despite the government's plans to introduce...
- BHP Billiton Extends Copper Production Cuts.
- Press release article from: Business Wire May 28, 2002 700+ words
...despite the start up of Escondida Phase 4 in September...conditions warrant, BHP Billiton will be in a position...demand by operating Escondida and Tintaya at full...managed to maintain Escondida production at approximately...many years to come." BHP Billiton Base Metals will ...
- BHP Billiton Quarterly Report On Exploration and Development Activities;...
- Press release article from: Business Wire January 24, 2002 700+ words
...of Mozambique 3.85 per cent. Base Metals Escondida Phase IV Expansion, Chile (BHP Billiton 57.5% interest) BHP Billiton and its joint venture partners in the Escondida copper mine in northern Chile continued development...
- Swing low. (Comment).(BHP Billiton to cut copper production)(Brief...
- Magazine article from: Mining Journal November 16, 2001 700+ words
...behind the BHP Billiton group's...cost at the Escondida sulphide operation...president of BHP Billiton Base Metals...to reduce Escondida's output...applauded BHP Billiton's actions...cutting back at Escondida when not forced...
- BHP BILLITON CUTS BACK PRODUCTION AT 2 STH AMERICAN MINES.
- News wire article from: AsiaPulse News December 5, 2002 700+ words
...announcement by BHP Billiton in November 2001...back production at Escondida and temporarily...depressed prices. BHP Billiton base metals president...I think they (BHP Billiton) are just trying...he said. "Escondida is the biggest...
- CHILE: Joint venture construction plans for proposed $870,000,000 copper mine...
- Newspaper article from: WWP-Report on Engineering Construct & Plant Operations in the Developing World May 1, 2004 700+ words
...Australia-based BHP BILLITON has been operating the Escondida copper mine, located...ore will allow Escondida to produce copper...160,000,000. BHP BILLITON, formerly known...iron ore. MINERA ESCONDIDA has a total employment...
- BHP BILLITON SETS PRODUCTION RECORDS 1H 2006/07.
- News wire article from: AsiaPulse News January 25, 2007 700+ words
...Jan 25 Asia Pulse - BHP Billiton Ltd (ASX:BHP) has...for the first half. Escondida set a quarterly production...natural field decline," BHP Billiton said. Alumina production...stockpiled hydrate," BHP Billiton said. "Paranam achieved...
Source: HighBeam Research, BHP CONFIRMS STRIKE AT CHILE MINE IS OVER.