Referenced Stocks

BHP Inks 4-Year Deal With Olympic Dam Workers

By International Business Times,  June 08, 2012, 04:15:05 AM EDT

BHP Billiton ( BHP ) has reached a four-year collective industrial agreement with workers at its Olympic Dam mine in South Australia. The miner said the certainty and stability provided by the deal would be a key for the BHP board to decide on its $30-billion expansion plan.

The agreement provides for a 25 per cent increase for shift loadings and 1.5 per cent hike in employee superannuation contributions to 13 per cent from 11.5 per cent. However, there is no set yearly pay rises but it locks in individual pay arrangements.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: BHP



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