Fresnillo concludes Mexico mine wage talks

20th May 2009 07:03

Silver and gold producer Fresnillo said it has successfully concluded 2009 annual wage negotiations with Union at Ciénega mine in Mexico“The Union and the Company have agreed to the same conditions as with the Herradura and Fresnillo mine workers,” it said.Fresnillo said it has now concluded all wage negotiations with the Unions at all its mines for the year 2009. The group also said that it has been advised by Mexican refiner Peoles that it has lifted its force majeure at the Met-Mex metallurgical Complex with respect to the lead concentrates from the Cinega and Fresnillo mines.“We can confirm that there was no material financial impact from the force majeure period as all of the products were sold elsewhere on terms comparable to those agreed with Met-Mex,” said Fresnillo.