Cerro Verde calls off participation in waning national strike - Peru
Cerro Verde calls off participation in waning national strike - Peru
Sunday, July 6, 2008
(BNamericas.com) - The union at Peru's Cerro Verde mine has discarded plans to join the national strike that started June 30, which now appears to be drawing to a close.
A source with the union representing Cerro Verde workers told BNamericas on Friday that following internal assemblies and negotiations with the nation's labor ministry, Cerro Verde's workforce will continue working as it has since the start of the national strike.
Meanwhile, other operations which were on strike are reportedly planning to return to work over the weekend or before, including Southern Copper's (NYSE: PCU) Cuajone mine and Ilo smelter, and BHP Billiton (NYSE: BHP, LSE: BLT) and Xstrata's (LSE: XTA) jointly controlled Antamina mine.
Among others, Volcan said its Andaychagua zinc mine has called off a strike, while Shougang Hierro Perú reported its workers are returning to the job at its iron ore operations.
Peru's most powerful mineworker federation FNTMMSP orchestrated the strike in an attempt to pressure congress to swiftly pass reforms on pensions, profit sharing and outsourcing.
Despite efforts by the private sector and President Alan García for lawmakers to pass the legislation and alleviate the conflicts, lawmakers still have not been able to reach a consensus on key points....
Caldas department prepares to receive mining investments - Colombia
Sunday, July 6, 2008
(BNamericas.com) - Mining authorities from central Colombia's Caldas department are organizing the sector to receive possible international mining investments, a local government official told BNamericas.
The author... more
Coalcorp sees US$110mn capex over 18 months - Colombia
Sunday, July 6, 2008
(BNamericas.com) - Toronto-based Coalcorp Mining (TSX: CCJ) expects to make capital expenditures of some Cdn$112mn (US$110mn) over the next 18 months at its Colombian projects in order to increase coal production to 6Mt... more
Union stages 1-hour strike, does not rule out future stoppages - Mexico
Sunday, July 6, 2008
(BNamericas.com) - Mexico's national mining-metalworkers union STMMRM staged a one-hour nationwide strike on Friday, calling on all shifts to walk off the job for 60 minutes throughout the workday, a union spokesperson ... more
Miners could cancel investments of US$200mn for lack of clear rules - Colombia
Sunday, July 6, 2008
(BNamericas.com) - The largest mining companies operating in Colombia have warned that if the country's government does not guarantee legal stability with clear rules, they will cancel investments of nearly US$200mn.
AES Gener ups Angamos power supply deal with Escondida - Chile
Sunday, July 6, 2008
(BNamericas.com) - Chilean generator AES Gener's EEA subsidiary, which is developing the 460MW Angamos coal-fired thermo plant, has modified its power supply deal with copper miner Minera Escondida, AES Gener told finan... more
Junior exploration roundup - Regional
Sunday, July 6, 2008
(BNamericas.com) - Torontonian Vena Resources (TSX, Lima: VEM) has cut 5.8m grading 0.45% uranium (U3O8) near surface at the Tantamaco project and 121m at 0.15% U3O8 at the Nueva Corani project, both in Peru's southern ... more
BHP Billiton ups iron prices for sales to Baosteel - Brazil, Regional
Sunday, July 6, 2008
(BNamericas.com) - The world's largest miner by market cap, BHP Billiton (NYSE: BHP, BLT), reported it has renegotiated its iron ore sale prices with China's largest steelmaker, Baosteel.
BHP Billiton said in a stat... more
Buenaventura approves stock split - Peru
Sunday, July 6, 2008
(BNamericas.com) - Peruvian precious metals miner Buenaventura (NYSE: BVN) reported it has approved a two-for-one split of its common, investment and American Depository (ADS) shares.
On July 22, ADS holders will re... more
Kinross ups stake in Chapleau to 10.2% - Brazil, Peru
Sunday, July 6, 2008
(BNamericas.com) - Canada's Kinross Gold (TSX: K, NYSE: KGC) reported it is raising its stake in compatriot junior Chapleau Resources (TSX-V: CHI) to just under 10.2% through a private placement to gain more exposure to... more