Bitch-Slapping Statists For Fun & Profit Based On The Non-Aggression Principle
HomePortalGalleryCalendarFAQRegisterLog in

 Extortionist workers strike at world's top copper mine

View previous topic View next topic Go down 
RR Phantom


Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary

PostSubject: Extortionist workers strike at world's top copper mine   Sat Feb 11, 2017 9:34 pm

Workers at the world's top copper mine, BHP Billiton's Escondida in Chile, launched what they vowed would be a "long and hard" strike Thursday, causing jitters on world commodity markets.

Escondida is the first of several key mines worldwide where contracts expire this year, and markets are watching nervously to see how the strike impacts supply and prices.

"The company is sticking to its inflexible stance. This will be a tough fight," said Carlos Allendes, spokesman for the Escondida miners' union.

"This could go on for a long time. We're prepared to maintain a long and hard strike."

BHP Billiton, one of the world's leading mining consortiums, has rejected workers' demands for a seven-percent raise and bonuses of 25 million pesos (around $39,000).

It is offering bonuses of eight million pesos, with no raise.

Like other miners, the Anglo-Australian company has had to cut costs as copper prices slid in recent years, from a record high of $10,190 per metric ton in February 2011 to $4,318 per ton in January 2016, to just over $6,000 today.

Ninety-nine percent of Escondida's 2,500 workers voted Tuesday to strike, after government-mediated negotiations collapsed.
Anarcho Capitalists Retail , Molyneux Cult Watch Souvenir Mall , OZschwitz Downunder BoutiqueAnarcho-Capitalists,AnCaps Forum,Anti-State,Anti-Statist,Inalienable Rights Defenders,Non-Aggression Principle,Non-Initiation of Force Principle,Rothbardians,Anarchist,Capitalist,objectivism,Ayn Rand,Anarcho-Capitalism,Anarcho-Capitalist,politics,libertarianism,Ancap Forum,Anarchist Forum,Vulgar Libertarians,Hippies of The Right,Forum for Anarcho-Capitalist,Forum for Anarcho-Capitalists,Forum for AnCap,Forum for AnCaps,Libertarian,Anarcho-Objectivist,Freedom, Laissez Faire, Free Trade, Black Market, Randroid, Randroids, Rothbardian, AynArchist, Anarcho-Capitalist Forum, Anarchism, Anarchy, Free Market Anarchism, Free Market Anarchy, Market Anarchy
Back to top Go down

Extortionist workers strike at world's top copper mine

View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
 :: Anarcho-Capitalist Categorical Imperatives :: AnCaps' Laissez-faire Free Trade Zone-