Shougang Hierro Perú workers plan to strike
Workers plan to strike for the second time this year at Chinese-owned Shougang Hierro Perú, the Andean nation's only iron ore producer.
The labor stoppage, the fifth at the mine in the past 24 months, was called after Hierro Perú and union officials failed to reach an agreement in the 2015-16 annual wage bargaining pact, the Lima-based company said in a corporate filing to securities regulator SMV.
Workers plan to walk off their jobs on September 21.
The news comes after protests during a 12-day strike at the Ica region mine left one dead and dozens injured in May. Workers have also downed tools this year at miners including Buenaventura, El Brocal and Minera Raura.
Hierro Perú deputy general manager Raúl Vera and union general secretary Julio Ortiz did not immediately return telephone calls seeking comment.
The company's first half profit plunged 63.7% to 132mn soles (US$42mn) as sales fell 42.4% to 628mn soles from 1.09bn soles a year earlier on account of slumping iron prices.
The company, which produced 7.19Mt iron ore last year, is working on a US$1bn expansion of the mine, in the southern coastal town of Marcona, to produce 10Mt/y by 2017.
Hierro Perú, which was bought from the state by China's Shougang in 1992, saw iron ore export revenue drop 24.5% to US$647mn last year after prices fell 31%, according to the central bank.
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