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Escondida deal hopes fade as sides give contradicting views

Copper traders were left confused over the state of play at the world’s top copper mine: the owner said wage talks had resumed, while the union said striking workers have had no contact with management for a week. “The good news is that we are back around the table and things are starting to come together in some form of a negotiation,” BHP Billiton CEO Andrew Mackenzie told Bloomberg TV on Monday. “Let’s wait and see, and others I’m sure will update you on the progress of those talks.”