Buenaventura Miners to Resume Strike

24 February 2010 (Last Updated February 24th, 2010 18:30)

Workers at Buenaventura's precious metals mines in Peru are likely to resume their strike from 4 March unless their requests for the company to share its profits with them are met. The workers, who fear they have received false information about Buenaventura's financial results between

Workers at Buenaventura's precious metals mines in Peru are likely to resume their strike from 4 March unless their requests for the company to share its profits with them are met.

The workers, who fear they have received false information about Buenaventura's financial results between 2006 and 2009, say they have not received the correct amount of profits from the company as required under national law, according to a Reuters report.

Mining companies in Peru are required to share 8% of their profits with employees.

The strike will take place at the Orcopampa and Antapite gold mines, as well as at the Uchucchacua silver mine, according to local union leaders.

It is not the first time that industrial action has taken place at the mines. After a recent strike, strikers returned to work on 20 February following threats that they could lose their jobs.

The company started firing employees after the Labour Ministry's declaration that the strike was illegal.

The seven-day strike halted production at Orcopampa and Uchucchacua and also crippled output at Antapite.