Copper prices have soared to record highs this year, handing unions in Chile additional leverage, ratcheting up tensions in labor negotiations.

Workers at the Andina mine in central Chile rejected owner Codelco’s wage offer, opting instead to begin a strike.

The 135 members of the Salar union in Chile began a strike Wednesday after failing to reach a wage agreement in collective bargaining with management.

Basic and diluted loss came to $0.09 per share, compared to zero in the comparable 2020 quarter and earnings of $0.02 per share in Q1 2021.

Iron ore price rose on Wednesday, after five straight sessions of losses, tracking steel futures as China's output curbs fuelled worries about supply.

The resolution requests BHP detail how its spending in coal, oil and gas assets will align with net-zero emissions target by 2050.