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LatinNews Daily - 07 August 2018

In brief: Chile

Chile: Australia-based mining company BHP Billiton, which majority owns ‘Escondida’, the world’s largest copper mine, has requested five days of government-mediated talks as part of efforts to end a pay dispute with Sindicato Escondida 1, the union representing Escondida miners. Last week Sindicato Escondida 1 voted overwhelmingly against the latest remuneration package offered by BHP, making it clear that there would be strike actions if BHP did not change its position. BHP’s latest offer was for a 1% salary increase and a signing bonus of roughly US$18,000 among other things. The union, however, has demanded a 5% salary increase and a US$40,100 signing bonus. According to local press reports, if no agreement is reached, a strike will begin on 14 August although talks could be extended.

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