Chile Escondida Strike Ends

Miners at Chile’s Escondida mine, the world’s largest copper facility, have returned to work after ending their 25-day strike. The metalworkers’ union agreed a deal late Thursday with Anglo-Australian mine owners BHP Billiton that comprises an overall 5% pay rise and special bonus payment worth about $17,000 per worker. It has been estimated that the stoppage cost the company about $300 million in lost revenue. Escondida accounts for around 8.5% of worldwide copper production.