No deal at Chile's Escondida copper mine

06 Aug, 2006

Workers at Chile's Escondida copper mine, the world's largest, said late on Friday the company's latest contract offer still fell short of expectations, making a strike next week more likely.
"The way things are, there will be a strike," Union Secretary Pedro Marin told Reuters. "The company needs to be more flexible in its position." Friday was the last day for 2,000 union workers and Escondida, a massive open-pit mine in northern Chile that is majority-owned by global miner BHP Billiton, to reach an agreement on a new contract to replace a 2003 pact.
Marin said after union meetings with the company that the company might still improve its position, even though the official time limit to reach a deal had run out. Escondida has been trying to reach a new contract deal for weeks as the union demands a bigger slice of soaring profits.

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