Some 1,200 workers at the Cerro Verde [2] copper mine in Peru's southern Arequipa region began a 48-hour strike on Sept. 7, demanding higher pay and threatening to launch an indefinite strike in one week if an agreement isn't reached with the company, owned by the multinational Freeport-McMoRan [3]. While Cerro Verde insisted that production would not be affected, global copper prices rose on the news—although some analysts cited other factors, such as growing Chinese demand. (Dow Jones [4], Sept. 8; Dow Jones [5], El Comercio [6], Reuters [7], Sept. 7)
See our last posts on Peru [8] and the mineral cartel [9] in Latin America.
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