Monday, July 9, 2007

Codelco Halts Copper Production From Andina Division on Strikers' Protests

(Bloomberg) -- Codelco, the world's biggest copper
producer, halted work at its Andina division in central Chile
after protests by striking contract workers, helping the price
of the metal to extend a 26 percent rally this year.

The state-owned company stopped production in Andina after
a worker was hospitalized July 9 by protesters throwing rocks,
Santiago-based Codelco said on its Web site yesterday. The
division accounted for 236,000 tons of copper last year, 14
percent of Codelco's output from its fully-owned mines.


Read more at Bloomberg Currencies News

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