Mexico's Mining Union Lifts Strike At Penoles Metals Refinery
In a press release, the union said its members voted Tuesday to lift the strike after the company agreed to an 8% salary increase as well as the payment of all wages during the strike.
The refinery, MetMex Penoles SA, located in the city of Torreon, refines silver and lead.
Aside from operating the Torreon metals complex, Penoles is the parent of London-listed Fresnillo PLC (FRES.LN), the world's largest primary silver producer.
Penoles shares listed on the Mexican Stock Exchange were recently trading 0.4% higher at MXN164.00 ($12.45).
The National Mining and Metal Workers Union is also locked in a bitter dispute with copper mining company Grupo Mexico SAB (GMEXICO.MX).
The Labor Ministry said Tuesday that Grupo Mexico has received authorization from a federal arbitration board to fire workers at its Cananea copper mine after a 20-month strike. Cananea employs 1,600 workers, of whom 1,300 are unionized.
The mining union leadership has long been at odds with Grupo Mexico, which it accuses of seeking the removal of union leader Napoleon Gomez Urrutia.
-By Ken Parks, Dow Jones Newswires, 52-55-5001-5723; ken.parks@dowjones.com
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Publié le 15 Avril 2009 Copyright © 2009 Dowjones
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