Freeport Workers in Peru Start Copper Mine Strike

Reuters announced that workers at Freeport (NYSE:FCX) McMoran’s Peru copper mine Cerro Verde started an indefinite strike, but production had not been totally affected.

The market news is quoted as saying:

The mine’s 1,100 workers want higher wages and better benefits. They were “very upset” when 84 of them were temporarily suspended for joining last week’s strike, said union leader Leoncio Amudio on Tuesday, when talks with the government to avert a strike collapsed.

Eric Kinneberg, a spokesman for U.S.-based Freeport, in an e-mailed statement, said,

“Production of copper and molybdenum concentrates have not been materially affected by the strike that began this morning,”

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