Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

BHP has extended its talks over the labour deal at Escondida copper mine in Chile by another day, according to the supervisors’ union quoted by media reports.  

Last week the union had rejected BHP’s final offer in contract negotiations. BHP had agreed to meet again with the union on October 13. 

The Escondida copper-gold-silver mine is in the Atacama Desert of Chile. Escondida is a joint venture between BHP -Billiton (57.5pc), Rio Tinto (30pc), a Japanese consortium (10pc), and the International Finance Corporation (2.5pc).

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