BHP Faces Turmoil as Escondida Workers Strike Over Pay

Mining giant BHP has begun removing striking workers from its Escondida copper mine in Chile, following a breakdown in pay negotiations with the powerful Union No. 1. The strike, which could impact copper production significantly, has raised tensions and recalls a similar 2017 strike which affected global copper prices.

Mining giant BHP started removing striking workers from its Escondida copper mine in Chile, deepening the conflict after Union No. 1 rejected the company's latest offer on pay negotiations. The strike, declared just hours before, threatens to undermine production at the world's largest copper mine.

BHP's latest statement revealed that the company has initiated a contingency plan that allows non-union members to continue minimum services, though the exact impact on operations remains unclear. The union accused BHP of breaking strike terms.

The strike comes amid calls from workers for a larger share of profits, especially as copper prices remain high. Analysts suggest the situation is under control for now, but potential disruptions could have broader market implications. BHP's shares dipped slightly, and copper prices remained stable.

(With inputs from agencies.)