Strike ends at Shougang Hierro Peru iron ore mine

July 24, 2008

July 23rd (Reuters) – A strike ended on Wednesday at the iron ore mine of Shougang Hierro Peru (SHP.LM: Quote, Profile, Research), union and company officials said.

The strike had started nine days ago at the mine, owned by Shougang of China, and it was the latest in a string of walkouts workers have held this year at mines across Peru to demand a bigger share of surging corporate profits.

 

“The strike has ended,” said Raul Vera, the mine’s general manager. Union officials said the Labor Ministry asked workers to end the strike at the mine, which produced 5.1 million tons of iron ore last year.

 

Union leaders at several mines have said companies have threatened to fire workers who had participated in a nationwide mining strike this month.

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