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October 15, 2020

Chile’s Escondida union talks extended another day

A union representing supervisors at the Escondida copper mine in Chile said that supervisors at the mine and mine operator BHP decided to extend talks over a labour deal for another day.

A union representing supervisors at the Escondida copper mine in Chile said that supervisors at the mine and mine operator BHP decided to extend talks over a labour deal for another day.

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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.
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The latest move comes as a “last-ditch attempt to stave off a strike” at the copper deposit, Reuters reported.

Last week, the union rejected BHP ’s final offer in contract negotiations.

However, BHP agreed to meet again with the union on 13 October.

The union said that the two parties had not yet completed negotiations and noted that the talks would continue into 14 October.

According to the news agency, though the copper mine could continue to operate “even if supervisors walked off the job”, a strike could lead to bottlenecks in production.

The Escondida copper-gold-silver mine is located in the arid, northern Atacama Desert of Chile about 160km southeast of the port of Antofagasta, at an elevation of 3,050m above sea level.

The mine is a joint venture between BHP -Billiton (57.5%), Rio Tinto (30%), a Japanese consortium (10%) and the International Finance Corporation (2.5%).

Last year, Escondida produced 1.19Mt of copper.

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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.

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