Sunday, April 29, 2007

Southern Copper Workers in Peru Strike as Government Talks Fall Through

(Bloomberg) -- Southern Copper Corp. workers at the company's Peruvian smelter began a work stoppage for higher wages even as talks with the government to prevent tomorrow's national mining strike ended without an agreement, a union official said today.

Some 80 unions, including Newmont Mining Corp.'s Yanacocha gold mine, Doe Run Resources Corp.'s La Oroya poly-metallic smelter and zinc producer Volcan Cia. Minera SA, will go on strike starting 1 a.m. New York time, said Luis Castillo, general secretary of Peru's Mining Federation. The Lima-based group represents about 28,000 of Peru's 100,000 mine workers.


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