Barrick says Bulyanhulu mine ops stalled by strike by Cameron French, Reuters October 30th, 2007 |
Barrick Gold Corp said on Tuesday that production at
its Bulyanhulu gold mine in Tanzania has been halted due to what it
termed an "illegal" strike, and that it has fired about half of the
mine's work force.
He said it was too soon assess risks to production and cash costs targets, nor how long the interruption would last. "The outcome is dependent on mediation and the government representatives have tried to get the union to the table," Borg said. He said that if remaining employees do not show up, they will also be terminated, but that fired employees will have the chance to reapply for their jobs. The union could not be reached, but the Nigerian daily newspaper This Day reported in its online version that negotiations between workers and management broke down over salaries, working conditions, medical care and other issues. Barrick would not comment on the specifics of the negotiations. The mine, which Barrick acquired in 1999, produced 330,000 ounces of gold last year at a total cash cost of $339 an ounce. It had proven and probable reserves of 11.2 million ounces as of the end of last year. |