COPPER
BHP reached a preliminary wage agreement with union leaders in Chile, signaling the company will avert a costly strike at a copper mine that accounts for about 1% of global supply of the wiring metal.
More than 1 100 members of the main union at BHP’s Spence mine in northern Chile will vote on the new offer, the Melbourne-based company said in a statement early Wednesday. The breakthrough came on the fifth and final day of talks mediated by labor department officials, with both sides agreeing to a an extension in order to hold the vote.
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