Labor Talks 'Going Well' At Peru's Antamina Mine: Co Official
August 04 2009 - 11:52AM
Dow Jones News
Labor contract talks are underway at Peru's polymetallic mineral
producer Compania Minera Antamina SA, a company official said
Tuesday.
The workers' contract with the company expired July 24.
"Talks are going well," Gonzalo Quijandria, corporate affairs
manager at the company, told Dow Jones Newswires.
He said the company is meeting with the union this week but did
not give a date for when the new agreement could be reached.
In the first half of this year, Antamina produced 223,718 tons
of zinc and 171,404 tons of copper, according to Peru's energy and
mining ministry.
The mine in Peru's central highlands is a joint venture of BHP
Billiton Ltd., (BHP) with a 33.75% stake; Xstrata PLC (XTA.LN),
with another 33.75%; Teck Resources Ltd. (TCK) with 22.5% and
Mitsubishi Corp. (MISBHY) with 10%.
-By Leslie Josephs, Dow Jones Newswires; 511-98853-8610;
peru@dowjones.com