BHP Seeks Mediation to Prevent Strike at Escondida Mine

BHP has asked the Chilean government for mediation with the union at its Escondida mine to avoid a potential strike. The mine, which is the world's largest copper project, is operating normally. The union had recently rejected BHP’s offer for a new agreement and demanded 1% of dividends to be distributed among workers.

Australian miner BHP has requested the Chilean government mediate discussions with the union representing workers at its Escondida mine. The move is aimed at preventing a potential strike at the world's largest copper project.

BHP stated that the mine is currently operating normally and that the mediation would help achieve a contractual agreement for its workers. BHP owns more than half of Escondida, with Rio Tinto and JECO Corp controlling minority stakes.

Once mediation is confirmed, both parties will have five working days to continue negotiations. This comes after Escondida workers rejected a new collective bargaining agreement offer last week. The union has demanded that 1% of dividends be equally distributed among workers but refused to comment on BHP's mediation request on Monday.

(With inputs from agencies.)