Bloomberg News

Glencore Colombian Miners to Resume Talks in Bid to Avert Strike

July 07, 2012

Workers at Glencore International Plc’s (GLEN) Prodeco Group said they will resume negotiations next week in a bid to avert a strike over wages and benefits.

Workers at the La Jagua coal mine in the northern Colombian province of Cesar completed a two-day vote today authorizing a strike, said Estevenson Avila, vice president of a workers’ group known as Funtraenergetica, in a telephone interview. Union negotiators want further talks before setting a date for a walkout that would halt coal production at the mine, according to Avila.

“As long as we’re sitting at the negotiation table, we won’t go on strike,” Avila said.

A Prodeco spokeswoman declined to comment today. On July 3, Prodeco’s Carbones de la Jagua SA unit said the union’s demands are “exaggerated and removed from reality” and management has made a “fair and balanced” proposal.

La Jagua and the nearby Calenturitas mine can produce 14.5 million metric tons annually, which will be expanded to 20 million tons next year, according to Glencore’s website.

To contact the reporters on this story: Heather Walsh in Bogota at hlwalsh@bloomberg.net Andrea Jaramillo at ajaramillo1@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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