UPDATE 2-Shougang Peru Says Operations Halted by Strike-Shanghai Metals Market

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UPDATE 2-Shougang Peru Says Operations Halted by Strike

Industry News 09:01:10AM Jun 29, 2010 Source:SMM

LIMA, June 28 (Reuters) - Shougang Hierro Peru (SHP.LM), the country's only iron ore producer, said an indefinite strike that started on Monday to demand higher wages has halted production.

"The strike started at 8:00 a.m. (1300 GMT) and production has been halted," Raul Vera, Shougang's general manager, told Reuters.

Some 1,600 workers at the company's Marcona mine in southern Peru had joined the strike, union federation leader Luis Castillo said. Workers at Shougang Hierro Peru, the local subsidiary of China's Shougang Group, downed tools for three days in March demanding better wages.

Peru is a leading exporter of copper, gold and silver.
 
 

Key Words:  iron ore  Peru 

Price

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Aluminum Ingot
Apr.19
14050.0
40.0
(0.29%)
Alumina (Averaged)
Apr.19
2665.0
0.0
(0.00%)
Alumina-East
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2680.0
0.0
(0.00%)
Alumina -Central
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2670.0
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(0.00%)
Alumina - North
Apr.19
2660.0
0.0
(0.00%)

UPDATE 2-Shougang Peru Says Operations Halted by Strike

Industry News 09:01:10AM Jun 29, 2010 Source:SMM

LIMA, June 28 (Reuters) - Shougang Hierro Peru (SHP.LM), the country's only iron ore producer, said an indefinite strike that started on Monday to demand higher wages has halted production.

"The strike started at 8:00 a.m. (1300 GMT) and production has been halted," Raul Vera, Shougang's general manager, told Reuters.

Some 1,600 workers at the company's Marcona mine in southern Peru had joined the strike, union federation leader Luis Castillo said. Workers at Shougang Hierro Peru, the local subsidiary of China's Shougang Group, downed tools for three days in March demanding better wages.

Peru is a leading exporter of copper, gold and silver.
 
 

Key Words:  iron ore  Peru