Chile's State-owned miner Codelco, the world's largest copper producer, on Friday reported a 86% increase in its profit for the first nine months of the year on Friday, to US$1,124 billion, amid an increase in production.
Workers at the world's largest copper mine, BHP Billiton's Escondida in Chile, ended a lengthy strike Thursday that had caused turbulence on global copper markets. But the company warned they had only made matters worse by pushing negotiations back another year and a half.
Workers at BHP Billiton's Escondida copper mine in Chile, the world's largest, walked off the job on Thursday in a strike that threatens to disrupt the international supply of the widely used metal. It said no miners arrived for morning work aboard buses that normally carry upwards of 1,200 workers per shift to the vast deposit, which accounted for about 6% of global production in 2015.