Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Southern Copper Corp    SCCO   US84265V1052

News SummaryMost relevantAll newsSector news 

Peru Unionized Workers Start Two-Day Strike At Southern Copper

12/24/2012 | 10:37am US/Eastern
   By Robert Kozak 

LIMA, Peru--Unionized workers at Southern Copper Corp.'s (>> Southern Copper Corp) Cuajone and Toquepala mines and its Ilo smelter and refinery in Peru went on strike Monday to back demands for salary increases, a union official said.

"The strike is taking place at Cuajone, Toquepala and Ilo," said Ricardo Juarez, secretary general of the worker's union at Ilo, in a telephone interview.

He said the two-day walkout was a warning to the company: If no new contract is reached, then a general, indefinite strike will start on January 15.

Talks between the company and unions aimed at reaching a new collective-bargaining agreement have been suspended.

"The negotiations were going nowhere," Mr. Juarez said. He said the company has hired replacement workers during the current strike.

Southern Copper operates mines, smelting and refining facilities in Mexico and Peru. Grupo Mexico (GMEXICO.MX) owns a majority stake in Southern Copper.

In the third quarter of 2012, Southern Copper's copper production reached 160,379 metric tons. The company also produces molybdenum and other products.

Write to Robert Kozak at

Subscribe to WSJ:

Stocks mentioned in the article : Southern Copper Corp
React to this article
05/23DJSOUTHERN COPPER : Peru Declares 2-Month Martial Law in Area of Disputed Copper M..
05/23 SOUTHERN COPPER : State of emergency declared in Peru province after fresh anti-..
05/19 SOUTHERN COPPER COR : Other Events, Financial Statements and Exhibits (form 8-K)
05/18DJPeruvian Leader's Popularity Tumbles
05/18 SOUTHERN COPPER : Peru: Social Conflicts Intensify
05/16 SOUTHERN COPPER : announces 60-day "pause" in controversial Peru mining project
05/15 SOUTHERN COPPER : calls for 60-day pause after anti-mining protests claim 3 live..
05/15 SOUTHERN COPPER : proposes 60-day pause in disputed Peru mine
05/15DJSouthern Copper Temporarily Suspends Copper Mine Project Amid Protests -- Upd..
05/15 SOUTHERN COPPER : Peru police arrest leader of anti-mining protests
Duration : Period :
Southern Copper Corp Technical Analysis Chart | SCCO | US84265V1052 | 4-Traders
Income Statement Evolution
More Financials