Monday, July 9, 2007

Copper Workers at Chile's Collahuasi Mine Plan Strike Today; Price Gains

(Bloomberg) -- A union at Dona Ines de Collahuasi,
Chile's third-largest copper mine, plans to begin a strike over
wages today, adding to labor unrest in Latin America that may
curb global supplies of the metal and bolster prices.

``The strike is definitely on,'' union President Hernan
Farias said yesterday. The walkout is set to start at 8 a.m.
local time at the mine, which accounts for 2.6 percent of global
supply, Ferias said. The planned stoppage follows more than a
month of talks with owners Xstrata Plc and Anglo American Plc.


Read more at Bloomberg Emerging Markets News

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