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Orvana Minerals Corp T.ORV

Alternate Symbol(s):  ORVMF

Orvana Minerals Corp. is a multi-mine gold-copper-silver company. It is involved in the evaluation, development and mining of precious and base metal deposits. Its assets consist of the producing El Valle and Carles gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, and the Taguas property located in Argentina. The El Valle and Carles mines and the El Valle processing plant are a producer of copper concentrate and dore. El Valle is located in Asturias, Northern Spain. The Don Mario Operation is in San Jose de Chiquitos, Southeastern Bolivia. The Don Mario Operation consists of a set of assets that includes Las Tojas orebody, and the previously mined out lower mineralized zone, upper mineralized zone and Cerro Felix mines. The Taguas Property consists of 15 mining concessions over an area of 3,273.87 hectares, held and managed by its subsidiary Orvana Argentina S.A. Taguas is located in the province of San Juan, on the eastern flank of the Andes.


TSX:ORV - Post by User

Bullboard Posts
Post by geezer321on Apr 11, 2013 4:07pm
177 Views
Post# 21243657

Strike

Strike

My expectation is the strike will be resolved in short order for a few reasons.

1)  The strike is limited to just two distinct time periods of unknown duration within an 11 year time frame.  The time periods are known and appear to not be in dispute which helps.

2)  Workers remained at work and receiving pay while the issue was outstanding indicating that it was not substantial enough to warrant a strike at the time and it was only that it dragged on that finally forced workers to strike.   If it is not substantial then the stakes are not so high that it cannot be resolved.

3)  The current labour agreement is not at issue.  Negotiating a labour agreement entails dealing with multiple issues which complicates things and takes longer to resolve.  Since the dispute is limited to just one issue it makes it easier.

4)  The news release says managment expects to resolve the issue in an efficient and orderly manner.

5)  The issue appears to revolve around a misunderstanding.  Management maintains the payment is not part of a labour agreement.  The union would be claiming othewise.   Since the dispute hinges on whether or not it is included in a labour agreement there is information and facts available each side can refer to to reach a settlement.

6)  It is in the interest of both workers and the company to settle as quickly as possible to limit losses especially if the issue is not substantial enough to warrant a prolonged strike.

 

 

 

 

 

Bullboard Posts