"World\u2019s top copper mine moves step closer to strike over wages"

" \n World\u2019s top copper mine moves step closer to strike over wages \n \n\n \n Union leaders at Escondida are calling on workers to reject owner BHP Group\u2019s final wage offer, raising the possibility of a strike at the world\u2019s largest copper mine at a time of tight global supplies and high prices. \n \n\n \n An offer delivered at the end of regular wage talks in Chile falls short of worker demands, with the company pushing for longer hours in a bid to boost productivity and\u00a0profit, the union said in a statement Wednesday. The 2,330 members will vote on the offer through July 31 . \n \n\n \n A strike is \u201cthe only tool left to workers in this scenario to press for an urgent rectification in the way things are done by management,\u201d the union said. \u201cThe responsibility to avoid a serious conflict is entirely in the hands of the transnational BHP.\u201d \n \n\n \n While Chilean labor rules give either side the option to seek mediation before a strike could begin, the union has a track record of following through In 2017, it roiled the copper market with a 44-day stoppage. A disruption at a mine that last year churned out 1.2 million metric tons would tighten supplies of the metal used in wiring just as a global economic recovery pushes up demand. \n \n\n \n Read: PFM Tax Africa\u2019s assessment of IMF\u2019s Article IV [Full Document] \n \n\n \n High metal prices are prompting host nations to seek a bigger share of the mining windfall, with Chilean lawmakers discussing a royalty bill as part of a push to address lingering inequalities in the country. Mining companies are striving to keep their labor costs in check in a cyclical business and as ore quality deteriorates and prices of inputs start to rise. \n \n\n \n While terms of the Escondida offer weren\u2019t released, the union is demanding an additional bonus equivalent to 1% of dividends paid to the mine\u2019s owners as recognition of sacrifices made by workers, especially during the pandemic. \n \n\n \n \u201c The offer proposed by the company improves current conditions and incorporates new benefits in matters highly valued by workers,\u201d BHP said in a statement. \u201cThis was built based on conversations held with Union No. 1 and reflects the intention of the company to build an agreement that is mutually beneficial, based on dialog and mutual cooperation.\u201d \n "

"World\u2019s top copper mine moves step closer to strike over wages"

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