|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Mexico

Operations at Mexican Gold Mine Shut Down Over Labor Disruptions

MEXICO CITY – Canada’s Gammon Gold announced Friday the indefinite suspension of operations at its El Cubo mine in the central Mexican state of Guanajuato due to conflicts with the miners union.

The firm said in a statement that it has laid off 397 unionized employees and is in the process of filing criminal charges against seven union executives.

El Cubo is located 10 kilometers (6.2 miles) east of Guanajuato city and covers a 14,000-hectare (34,570-acre) area.

“Since acquiring the mine, management has believed that El Cubo is a modest-sized operation with the potential to be reasonably economic; however its economic viability has been wholly undermined by a legacy of unacceptably low union productivity,” Gammon said.

“This low productivity arises from an outdated collective agreement and an interfering union executive office that appears to have put its own interest ahead of the livelihood of its workers, their families and local communities,” the statement continued.

El Cubo will placed on care and maintenance until the Canadian company determines its next course of action, Gammon said.

The firm said that since 2008 it has invested in new equipment at El Cubo, introduced more efficient mining techniques, significantly improved safety at the mine, established a production bonus program for employees and “launched an aggressive and strategic exploration program.”

“Nonetheless,” Gammon said, “this investment has not delivered the anticipated productivity improvements due to the continued resistance of union workers to fully leverage these strategic initiatives.”

Gammon Gold, which posted $207 million in revenue from gold and silver mining operations in 2009, operates exclusively in Mexico; in addition to El Cubo, the company also operates a larger gold-silver complex, known as Ocampo, in the northern state of Chihuahua.

Gammon also is carrying out exploration work at the Guadalupe y Calvo gold-silver mine in Chihuahua and recently acquired the El Mezquite and Venus projects in the states of Zacatecas and Chihuahua, respectively. EFE
 

 

Xbox Live Gratuit
Copyright Latin American Herald Tribune - 2009 © All rights reserved