Workers Notify Freeport-McMoRan Of Plan To Strike At Peru Mine
25 März 2010 - 7:10PM
Dow Jones News
Workers have notified Freeport-McMoRan Copper and Gold (FCX)
they plan to go on strike March 31 at its Sociedad Minera Cerro
Verde SAA (CVERDEC1.VL) mine in Peru, the company said
Thursday.
Union officials in Peru said workers at Cerro Verde, Peru's
third largest copper producer last year, are looking for a one-time
bonus from company profits.
"Cerro Verde has paid the legal profit sharing in accordance
with Peruvian law and has compensated our employees," said
Freeport's director for communications, Eric Kinnegerg, in an
email.
Cerro Verde is majority controlled by Freeport McMoRan Copper
and Gold, while Compania de Minas Buenaventura SAA (BVN) and a
subsidiary of Sumitomo Corp. (8053.TO) also hold equity stakes.
Production figures from Peru's mining ministry for 2009 show the
Cerro Verde mine, in southern Peru, produced 308,370 metric tons of
copper.
-By Sophie Kevany, Dow Jones Newswires; 51-198-903-8043;
sophie.kevany@dowjones.com
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