RE:RE:BHP losing 700 millions so farI think part of the problem is last time they were on strike copper prices were about 50% higher and
they gave out an unprecedented bonus.........union probably looking for a big hit again and the company not wanting to go there....
"Labor negotiations at Escondida, which have a long history of being tricky, are seen as a benchmark for the industry at large. The last wage talks four years ago, when copper prices were considerably higher, ended with Escondida offering each worker a bonus worth some $49,000, the highest ever offered in Chile's mining industry."