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Copper Mountain Mining Corporation T.CUM


Primary Symbol: CPPMF

Copper Mountain Mining Corp is a copper producer, developer and explorer. Copper Mountain's flagship asset is the Copper Mountain mine located in southern British Columbia near the town of Princeton. The Copper Mountain mine produces over 90 million pounds of copper equivalent per year with a large resource that remains open laterally and at depth. The company also has the development stage Eva Copper Project in Queensland, Australia.


OTCPK:CPPMF - Post by User

Post by gheetsmithon Mar 15, 2017 1:59am
227 Views
Post# 25980548

Escondida Strike News

Escondida Strike News

In a statement late Monday, the 2,500-member Escondida union, which has been on strike since Feb. 9, said BHP did not sufficiently address workers' demands in its latest invitation sent to the union earlier on Monday.

The union demands include that BHP agrees not to trim benefits in the existing contract, that shift patterns should not be made more taxing for workers, and new workers be offered the same benefits as those already employed at the mine.

"After revising its content, the union members have decided that unfortunately this response presents a series of inconsistencies and falsehoods," the statement said.

"The union will maintain the strike for an indefinite amount of time," it added.

It was the third failed attempt to restart dialogue during the strike, which has pushed global copper prices higher due to supply concerns.

On Friday, BHP, which could not be immediately reached for comment, invited the union to return to negotiations. The union rejected that invitation, saying it did not respect workers' core non-negotiable demands. Escondida, majority owned by BHP, produced slightly more than one million tonnes of copper in 2016, making it the world's largest copper mine.

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