Mining strike affects production across Peru – Declared illegal by labor ministry

Peru labor ministry declares mining strike illegal

Peru’s Labor Ministry on Wednesday declared a nationwide mining strike illegal, a ruling that the government normally makes during walkouts to persuade strikers to return to work. The ruling would allow companies to eventually fire workers if they fail to return to their jobs within a week or two. (Reuters – click here to see article)

US copper climbs on U.S. orders rise, Peru strike

U.S. copper futures returned to the upside Wednesday after higher-than-forecast U.S. factory orders data were released, reversing declines from a light profit taking spree ahead of the long U.S. holiday weekend, traders said. Copper prices reached a fresh 2-month high overnight as a miners’ strike in the world’s second-largest producer Peru continued, traders said. (Reuters – click here to read complete article)

Unions at more big Peru mines may join strike

Workers at several sprawling mines in Peru threatened to join a nationwide mining strike that entered its third day on Wednesday, while the government tried to persuade striking laborers to return to work by declaring the walkout illegal. Unions at Newmont’s gold mine Yanacocha, Freeport-McMoRan’s Cerro Verde copper pit, and additional mines of zinc producer Volcan were slated to vote on Wednesday whether they would down tools. "We expect to join the strike," said Guillermo Nina, a union leader at Yanacocha, one of Latin America’s largest gold mines. (Reuters – click here to read complete article by Terry Wade and Jean Luis Arce)

Strike in Peru threatens to disrupt Yanacocha gold mine

Peruvian workers at the Yanacocha gold mine could join a nationwide mining strike that entered its third day on Wednesday, as laborers walked off of Doe Run Peru’s Cobriza mine. The strike is designed to pressure legislators to pass a bill that would give workers a greater share of profits from sky-high metals prices. Workers in Peru are holding protests to press their demands with Congress. (Resource Investor – click here to read complete article by Jon Nones)

Mines and production affected by Peru strike

Peruvian workers were on strike for a third day at various mines across the Andean country to press Congress to approve a bill to improve labor benefits. Below is a list of all key mines, indicating where production has been impacted. (Reuters – click here to see list)