Ahmsa hit by strike at coal, iron ore mines

Thursday, May 18, 2017

Operations have been halted at three mines operated by Mexican steelmaker Altos Hornos de México (Ahmsa) due to a strike.

Workers downed tools at one coal mine on Wednesday in a dispute over an annual profit-sharing payment, spokesman Francisco Orduña told BNamericas in an emailed statement.

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The stoppage later spread to a second coal mine, a processing plant and an iron ore mine, Orduña said.

The dispute is due to a misinterpretation of the profit-sharing agreement, and the company is working to better inform workers about the issue, he added.

While the payment per worker was 4,500 pesos (US$239), Ahmsa has increased this to 10,000 pesos, local daily La Prensa de Monclova reported on its website.

"Ahmsa has stockpiles accumulated to continue operating without problems for about a month," Orduña said.

Ahmsa, based in Monclova in Coahuila state, is one of Mexico's biggest steelmakers, with steel volume sold in Q1 at 855,657t, down 13.6% on the same period last year.