Peru’s Buenaventura Says Workers Start Strike at Gold Mine

Cia. de Minas Buenaventura SA, Peru’s biggest precious-metals producer, said workers went on strike at its largest gold mine today seeking better pay.

Peru’s Labor Ministry declared the strike at the Orcopampa mine illegal and will broker talks between the company and labor officials this week, Chief Financial Officer Carlos Galvez said.

“The Orcopampa plant has completely halted,” Galvez said today in a telephone interview. “It’s a shame, because we were very, very close to reaching an agreement, with a difference of pennies.”

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