February 10, 2017 / 4:34 PM / a year ago

BHP says it declares force majeure at Chile's Escondida copper mine

SANTIAGO (Reuters) - Global miner BHP Billiton (BHP.AX)(BLT.L) has declared force majeure on copper shipments from its Escondida mine in Chile, the world’s largest copper mine, as a workers’ strike entered its second day, a spokesman told Reuters on Friday.

    Copper prices CMCU3 on the London Metal Exchange rose 4.5 percent to hit $6,083 a tonne, its highest since June 2015.

    Reporting by Anthony Esposito; Writing by Gram Slattery

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