Goldman Looks at Escondida Copper Strike Costs
The risk of further strikes across the industry is high.
Housekeeping: Good morning
Contents:
Summary and Analysis of the Goldman Report
GS report
Latest news on the strike
Escondida Strike Threatens Supply
Summary:
Chile’s Escondida mine, the world’s largest copper mine, is facing potential disruptions. Sindicato No.1, representing around 2,400 operators, hasn’t accepted the initial terms proposed by BHP.
Government-mediated talks are ongoing, but if no agreement was reached by August 12th, and the union legally went on strike. This situation has other unions and miners in Chile watching closely, as the outcome might influence broader industry negotiations. Goldman handicaps those as well.