Seeking Alpha article re Escondida18 Aug 2018 18:10
The union representing workers at BHP Billiton's (NYSE:BHP) Escondida mine in Chile signed a new collective labor contract on Friday, ending the risk of a strike that could have paralyzed the world’s biggest copper mine.
• BHP had said earlier in the week that terms had been reached but the union needed to vote on the new deal.
• The company says the agreement “satisfies both workers and their families, as well as the need for Escondida to be sustainable over time.”
• The failure to reach a labor agreement last year led to a 44-day strike at the mine that shook the global copper market.
• ETFs: OTCPK:JJCTF, COPX, CU,