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Thursday, Aug 15
World's largest copper mine hit by surprise strike
- Workers began a surprise strike today at Chile's Escondida copper mine - the world's largest - to demand improved working conditions and pay; the work stoppage is planned to last 24 hours, but the miners union says the timeframe is being evaluated.
- BHP Billiton (BHP +0.4%) and Rio Tinto (RIO -1.2%) each own 30% of Escondida, which produces ~20% of Chile's annual copper output; workers at BHP's Spence and Cerro Colorado mines also joined the labor action.