Daily Metal Market News & Metal Prices
 
Daily Metal Prices & Market News
Wednesday 08th of February 2012
Thursday, August 9, 2007

Industrial action closes Mexican copper mine

Industrial action closes Mexican copper mine

Cananea, Mexico’s biggest copper mine, is to remain closed following a court ruling granting a provisional injunction in support of the 3,000 striking miners employed by Grupo Mexico.

The Court will go on to consider whether the action is legal and whether the miners can be sacked.

The miners at Cananea and two smaller Grupo Mexico mines had previously been ordered to return to work by the government of Mexico, but feelings are running high amongst the workers, who are incensed about pay and the working conditions in the mines.

A quick court decision on the injunction is unlikely and it is probable that the situation will have to be resolved by the parties concerned.

Grupo Mexico is also facing strike threats at its mines in Peru, run by its Southern Copper division.

Production at Cananea ceased at the end of July and Grupo Mexico’s San Martin copper mine and Taxco lead and silver mine are also affected by the strike.

Cananea produced 164,000 tonnes of copper in 2006 and its owners plan to increase output to 438,000 tonnes over the next five years, by building new processing plants.

 


Related posts to: Industrial action closes Mexican copper mine

Peruvian copper miners reject government intervention ...

Strikes called at Southern Copper’s Peruvian operations ...

Base metals mixed ...

Mixed response to Peruvian national strike ...

Nine die at Goldfield’s South Deep mine ...

Latest Metals News:

Latest News  Gold ends session lower in New York, but gains on week

Latest News  Gold prices retreat after setting new intraday high

Latest News  Gold closes at $1,666 per ounce in New York trade

Latest News  Gold prices at new records on disappointing US data

Latest News  Gold prices lower but comes off session lows on manufacturing data

Latest News  Gold sets new intraday, closing highs to end trading week in New York

Latest News  Copper rises; precious metals prices see declines

Latest News  Gold prices drop on profit-taking, stronger US dollar

Latest News  $1,616.80 per troy ounce: Another record high for gold

Latest News  Gold trades as high as $1,624.30 per ounce in New York


Previous: «
Next: »

Visited 1670 times, 2 so far today

Gold ($/troy ounce):

Silver ($/troy ounce):

Platinum ($/troy ounce):