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Talks To End Chile Spence Copper Strike Fall Through -Union

SANTIAGO -(Dow Jones)- On the 22nd strike day, talks between union leaders and management for the Spence copper mine in Chile reached another stalemate Tuesday, a union leader said. The government Labor Office invited both sides to resume talks Monday, but these ended Tuesday after the mining company made a lower wage and benefits offer than the one union members rejected before the start of the Oct. 13 strike, union President Andres Ramirez said. Spence, owned by global diversified miner BHP Billiton Ltd. (BHP, BHP.AU), last year produced about 165,000 metric tons of copper in the form of cathodes, which are large sheets of 99.99% pure copper. Ore extraction at the mine shut down shortly after the strike began, but the industrial processes used to make cathodes have continued at a minimal pace. The union estimates the mine has lost about $3 million a day on the cut in ore extraction and cathode production. On Monday, leaders from the Mining Federation of Chile union umbrella group met with the Labor Minister and officials from the Mining Ministry, seeking their mediation to end the strike. "We're open to government mediation, but the company has to be willing to negotiate with us," Ramirez said. Spence officials weren't immediately available for comment. - By Carolina Pica, Dow Jones Newswires; 56-2-820-4244; carolina.pica@dowjones.com

Share News for Bhp Billiton (BLT)
DateTimeHeadline
23/11/200915:56:03Chile Spence Copper Miners Likely To Return To Work Wednesday
23/11/200904:10:17BHP Billiton Strikes Wage Deal At Spence Mine In Chile
20/11/200917:22:03Chile's Cerro Colorado Workers And BHP Ink Early Wage Deal
20/11/200917:15:13Union: Antamina To Join Official Mediation Next Week In Peru
20/11/200903:41:11INTERVIEW: Cape Lambert Says China's MCC Interested In Africa...
19/11/200917:16:10Brazil Miner Vale Restarts Last Two Iron Ore Pellet Plants
19/11/200914:25:26Worldwide Natural Resources To Acquire SA Manganese Operations
19/11/200900:12:15BHP Executive: Spence Copper Mine Losing 500 Tons/Day On Strike
18/11/200912:59:12South Africa's Eskom Appoints O'Flaherty Finance Director
18/11/200908:01:12BHP CEO Says OECD Restocking Has Been Slow To Start
17/11/200916:48:07Vale Executive: Wants To Start Benchmark Iron Ore Talks Nov
16/11/200919:18:23Chile Spence Union Lowers Demands as Strike Drags Into Day 35
16/11/200913:10:47European Steel Cos Complain About Planned BHP-Rio Tinto JV
13/11/200916:43:01Peru's Antamina Unions To Move To Mediation Next Week
13/11/200903:19:07BHP Says It Has Considerable Interest In Ravensthorpe Sale
13/11/200901:48:25Final Bids For BHP's Ravensthorpe Mine Due Nov 25 - Source
12/11/200906:26:04CORRECT: Fortescue Flags Expansion; Strong Demand For Iron Ore
12/11/200904:29:33Fortescue Metals CEO: Iron Ore Spot Prices To Continue To Firm
11/11/200905:15:28Australia Emissions Scheme Only Limited Impact On Coal - Citi
10/11/200918:24:05Peru's Antamina Union: Ready to Stop Negotiations And Strike

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