BHP owns greater than half of Escondida, whereas Rio Tinto and JECO Corp management minority stakes.
As soon as the mediation is confirmed, the events may have 5 working days to proceed negotiations, in line with the assertion.
Final week, Escondida staff rejected a suggestion for a brand new collective bargaining settlement, in line with the union.
The union has demanded that 1% of dividends to be distributed equally amongst staff, however declined on Monday to touch upon the corporate’s request for mediation.
(By Fabian Cambero and Aida Pelaez-Fernandez; Enhancing by David Alire Garcia)