Peru Government Rules Antamina Strike Illegal

A ten day strike at Peru’s Antamina Copper Mine – jointly owned by BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) (33.75 percent), Glencore Xstrata (LSE:GLEN) (33.75 percent), Teck Resources (TSX:TCK.B,NYSE:TCK) (22.5 percent) and Mitsubishi (TSE:8058) (10 percent) – has been ruled illegal by Peru’s government, according to Reuters.

According to the publication:

The strike, which began on Nov. 10 and stoked concerns about global copper and zinc supplies, includes more than half the mine’s workforce, according to the union that called the protest to push for a greater share of profits.

The government decree leaves the SUTRACOMASA union three days in which to appeal or send its workers back to work.

“The company appeals to those who decided to be part of this industrial action to return to their jobs to avoid further damage to their salaries,” Antamina said in a statement.

Click here to read the full Reuters article.