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First Quantum Minerals (TSX:FM) reported that the union at its Çayeli copper-zinc mine started a strike action in October.
First Quantum Minerals (TSX:FM) reported that the union at its Çayeli copper-zinc mine started a strike action in October.
As quoted in the press release:
First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX:FM)(LSE:FQM) today reported that collective bargaining between the Company’s wholly-owned subsidiary Çayeli Bakir Isletmeleri A.S. and its mining workers’ union has failed to reach an agreement. As a result, the union started strike action at the Çayeli copper-zinc mine on October 30, 2015. Activity at the mine site will be limited to the areas of environment and safety, mine dewatering, and underground rehabilitation.
The Company remains open to reaching an agreement with the union within the parameters of the Company’s cost constraints and considering the prevailing base metals market.