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Amerigo Resources Ltd T.ARG

Alternate Symbol(s):  ARREF

Amerigo Resources Ltd. is a Canada-based copper producer. The Company owns a 100% interest in Minera Valle Central S.A. (MVC), a producer of copper concentrates. MVC, located in Chile, has a long-term contract with the El Teniente Division (DET) of Corporacion Nacional del Cobre de Chile (Codelco) to process fresh and historic tailings from El Teniente. The Company operates in one segment, the production of copper concentrates under a tolling agreement with DET.


TSX:ARG - Post by User

Bullboard Posts
Post by CalifDreamingon Apr 19, 2008 3:57pm
323 Views
Post# 14988676

El Teniente closed? Getting serious

El Teniente closed? Getting serious

Chile: Striking contract workers block mine access

April 18, 2008 6:23 PM ET

SANTIAGO,Chile
(AP) - Striking contract workers at Chile's copper giant Codelco stepped
up their protests Friday, blocking access to mines and attacking buses
carrying miners.

Codelco said in a communique that its two smaller
mines, Salvador in northern Chile and Andina just north of Santiago,
remain closed by the strike, which entered its third day Friday.

The state-run company said production has not been affected at its two main mines and a large refinery.

Some28,000 contract workers are hired by private companies to perform services for
Codelco such as maintenance, catering, security and transportation. Few
work directly in mining.

Miners at El Teniente, Codelco's second largest mine, were not able to enter the mine Friday because of
demonstrations
. Shifts have been extending there recently to assure production continues.

El Teniente accounts for around a quarter of Chile's total copper output of 1.8 million tons.

"Barricades were erected during the night and a cistern truck was thrown down a cliff," Codelco said in a communique.

The contract workers went on strike Wednesday, claiming the company hasfailed to
fulfill accords that ended a month long strike last year. Codelco insists
it has fulfilled those promises of better working conditions, cash
bonuses and programs for health, housing and education.

Bullboard Posts