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UPDATE 1-Newmont suspends operations at Peñasquito mine in Mexico

Posted by ipso facto @ 16:06 on June 8, 2023  

June 8 (Reuters) – Newmont has suspended operations at its Peñasquito mine in Mexico in response to a labor strike notice, the gold miner said on Thursday.

On June 7, the Union notified Newmont of a strike action demanding an increase in the uncapped profit sharing benefit provided for in the Collective Bargaining Agreement (CBA) from 10% to 20%, the company said.

https://finance.yahoo.com/news/1-newmont-suspends-operations-pe-194333894.html

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.