Peru's Largest Mining Company Buenaventura (BVN) Operations Resume After Workers Strike

 @David_Kashi
on November 07 2013 8:33 AM
Mining
Andean people protest against Newmont Mining's Conga project during a march along the Perol lake in Peru's region of Cajamarca June 17, 2013. Thousands of opponents of a $5 billion gold project of Newmont Mining circled a lake high in the Andes on Monday, vowing to stop the company from eventually draining it to make way for Peru's most expensive mine. Lake Perol is one of several lakes that would eventually be displaced to mine ore from the Conga project. Water from the lakes would be transferred to four reservoirs that the U.S. company and its Peruvian partner, Buenaventura, are building or planning to build. REUTERS/Enrique Castro-Mendivil

Peru’s largest publicly traded precious metals mining firm reached an agreement with workers and contractors at Orcopampa gold mine, the company announced Thursday.

The Peruvian-based company Compania de Minas Buenaventura (NYSE:BVN) said normal operations are expected to resume after workers concluded a two-week strike that began on Oct. 21, which was declared illegal by the Peruvian Ministry of Labor.

The company engages in the mining, processing, development and exploration of gold, silver and other metals. It currently operates several mines in Peru.

 

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