CPER - World's top copper mine risks closure from strike

Supervisors at [[BHP]]'s Escondida mine overwhelmingly rejected the company's final wage offer, moving them a step closer to a strike that could slow production at the world's biggest copper operation.BHP has requested five days of mediation offered under local labor laws in a bid to avert a strike, and talks could then be extended for another five days if both parties agree.While the mine probably could keep running during a stoppage by supervisors, the rate of production may slow, giving further support to copper prices that have rallied more than 40% from a March low.The vote by Escondida supervisors comes just days after workers at Lundin Mining's (LUNMF) Candelaria copper mine in Chile also rejected a final offer in regular wage talks.ETFs: [[COPX]], [[JJCTF]], [[CPER]], [[JJC]]

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World's top copper mine risks closure from strike