Strike Continues At Peru’s Cerro Verde Copper Mine

LIMA -(Dow Jones)- Union workers at Peruvian mining company Sociedad Minera Cerro Verde SAA (CVERDEC1.VL) continued a strike Friday as they seek higher pay from one of the country’s biggest copper producers, union leader Leoncio Almudio said.

Almudio said that the government had scheduled a meeting for Friday between the union and the company but workers did not plan to attend. He said union demands and company offers are “very far apart.”

Workers walked off the job indefinitely on Wednesday after holding a 48-hour strike last week.

Cerro Verde is Peru’s third biggest copper producer and turned out 668 million pounds of copper in 2010, compared to 662 million pounds in the prior year.
http://www.foxbusiness.com/industries/2011/09/16/strike-continues-at-perus-cerro-verde-copper-mine/

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