Comment: Mining’s benefits will not last forever: Notice again the statement, "began planned strike action on Saturday over work conditions, one-month shut-down.” Hard rock mining shuts down when price of the minerals fall, therefore, workers are laid off and the mine is closed during this time. Uranium mining also follows the same trend, uranium prices fall, the uranium mine is shutdown and people are laid off for months at a time!
Mon Aug 3, 2009 10:15am EDT
SAO PAULO, Aug 3 (Reuters) - Some of the workers at the Voisey's Bay nickel mine in Canada, run by Brazilian mining company Vale (VALE5.SA)(VALE.N), began planned strike action on Saturday over work conditions, the company said on Monday.
The site, the Ovoid mine in the province of Labrador, was due to reopen on Saturday after a one-month shut-down. The firm said 120 workers, all union members, were striking.
The mine produced 77,500 tonnes of finished nickel, 55,000 tonnes of copper concentrate and some cobalt in 2008. Vale's main mining activity is in iron ore.
The workers join around 3,200 others on strike at Vale sites in Canada. Most are employed at a mine in Sudbury, Ontario, and the others are striking at the company's nickel refinery in Port Colborne, Ontario.
Vale slowed or halted operations at sites in Canada after the credit crisis worsened late last year, tipping some economies into recession and weakening demand for metals. (Reporting by Peter Murphy)
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0351033220090803
Tuesday, August 4, 2009
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