View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 29, 2018updated 21 Feb 2020 8:17am

BHP’s Spence copper mine resumes operations as workers call off strike

Multinational metals and mining firm BHP has reportedly resumed operations at its Spence copper mine in northern Chile after a workers' union went on strike yesterday.

Multinational metals and mining firm BHP has reportedly resumed operations at its Spence copper mine in northern Chile after a workers’ union went on strike yesterday.

Free Report
img

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

The strike was a result of safety concerns triggered by the retrenchment of more than 50 workers and eight supervisors at the deposit, Reuters reported, citing workers’ union president Ronald Salcedo.

Salcedo was quoted by the news agency as saying: “These layoffs are strange given that costs are under control at the mine and even more so given that the company is pushing the upgrade project, which should mean contracting more workers.”

BHP confirmed to the news agency that it had cut 57 jobs at the project and the affected roles included mine operators, supervisors and maintenance workers.  According to the firm, operations at mine have returned to normalcy.

BHP attributed the job cuts to a review of “its operational situation, processes and the resources necessary to conduct its operations safely and sustainably over time.”

Located near the Chilean coastal city of Antofagasta, the Spence deposit is an important asset for the company; it is the second largest mine in the country, after the Escondida copper operation.

Last year, production from the Spence mine stood at 198,600t of copper.

The company plans to invest around $2.5bn to increase the life of the Spence mine by more than 50 years, and is targeting commencement of new output in 2021.

“These layoffs are strange given that costs are under control at the mine and even more so given that the company is pushing the upgrade project.”

The proposed investment is expected to generate employment for up to 5,000 people.

BHP is focused on copper to replenish its resource base. Earlier this week, the company made a copper discovery near its Olympic Dam poly-metallic operations in South Australia.

The discovery of the new iron oxide, copper and gold mineralised system is part of the company’s ongoing copper exploration programme.

Related Companies

Free Report
img

Dig deeper with our mining equipment forecasts

As ore mines ramp up and come on stream, the total number of active surface machines (including trucks, excavators, shovels, loaders, graders and dozers) is forecast to rise from 141,470 in 2020 to 167,367 by 2025. This will be a CAGR of 3.4% from 2020 to 2025. The largest contributor to this growth is expected to be trucks, particularly smaller-sized trucks with shorter lifespans, used extensively in parts of Asia Pacific. Underground mining equipment is similarly expected to see a CAGR of 2.3% in this same time frame, with the number of mining trucks and loaders/LHDs in active underground mines expected to rise to 19,853 by 2025. GlobalData’s extensive mine-site research and equipment models have been used to build a complete view of mobile mining equipment populations globally for trucks, loaders, graders, dozers, excavators and shovels. This report includes informative breakdowns by each major region and key mining country, and also by major commodity. Read GlobalData’s Global Surface and Underground Mining Equipment: Populations & Forecast to 2025 for a complete view of the market, allowing you to best position yourself for the future.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology