Nickel Investing

BHP Billiton Nickel Workers Threaten Strike in Colombia

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Investing News Network • February 12, 2013

Bloomberg reported that BHP Billiton’s Cerro Matoso mine in Colombia, is being threatened with a strike by its workers if the company disciplines worker Jamer Ledesma for allegedly failing to follow a safety procedure.

As quoted in the market news:

Cerro Matoso is world’s number two producer of ferronickel, according to BHP Billiton’s website. A strike at the mine five years ago contributed to a 16 percent increase in the price of nickel during the first quarter of 2008. In December, the company extended its lease on the mine until 2029.

Click here to read the full Bloomberg report.

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