SHANGHAI, Aug. 23 (SMM) – Escondida copper mine in Chile is now running normally, recovering at a faster-than-expected pace from a six-week strike, BHP Billiton said on Tuesday.
The strike at Escondida, the world's largest copper mine, sent shockwaves through the market in February and March. Talks on a new deal have been pushed into next year as the union, representing the striking workers, chose to return to work under the old contract, ending the strike.
The price rise "has made us very happy" said Danny Malchuk, president of operations at BHP Minerals Americas, predicting an "extraordinary" 2018 for the company.
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