Ahmsa hit by strike at coal, iron ore mines

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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.