Striking Workers At Peru's Cerro Verde Seek To 'Paralyze' Mine
06 October 2011 - 12:56AM
Dow Jones News
Workers at Peruvian copper producer Sociedad Minera Cerro Verde
SA (CVERDEC1.VL) are continuing with their strike and say they are
examining ways to put more pressure on the company to meet their
demands, a top union official said.
Union leader Leoncio Amudio said in a telephone interview
Wednesday that there are no negotiations underway to end the
walkout that began on Sept. 29 to back demands for higher wages and
other things.
"The strike continues," Amudio said.
The company has said it is willing to continue negotiating a new
labor contract to replace the one that expired on Aug. 31. It has
continued to operate facilities with supervisors and personnel that
volunteered to work under strike conditions.
Amudio said the union is pressing for labor inspectors to
declare that the company isn't complying with regulations, aiming
to paralyze production.
He added that workers could start hunger strikes to back their
demands.
Cerro Verde produced 170 million pounds of copper in the second
quarter of this year, up from 166 million pounds in the same period
in 2010.
Freeport-McMoRan Copper & Gold Inc (FCX) has a majority
stake of Cerro Verde. Compania de Minas Buenaventura SAA (BVN,
BUENAVC1.VL) and a subsidiary of Sumitomo Corp. (SSUMY, 8053.TO)
also have an interest in the company.
-By Robert Kozak, Dow Jones Newswires; 51-1 99927 7269;
peru@dowjones.com
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