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BHP, workers reach tentative deal for new contract at Escondida mines

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BHP Group Ltd and the union at its Escondida copper mine in Chile said on Tuesday that they had reached a tentative deal for a new contract, although the union will take two more days to submit the new contract to a vote by workers.

The long-running negotiation between the company and the powerful 2,300-member union at the world’s biggest copper mine has global copper markets on edge as demand increases and supply remains tight amid a nascent global recovery from the COVID-19 pandemic.

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