October 07, 2008

Strike at Shougang iron mine in Peru ends

It is reported that a week long strike at Chinese owned Shougang Hierro Peru SAA ended after the government stepped in to mediate. Workers had walked off the job last Monday demanding a pay raise.

According to a Shougang executive, Peru’s government decided that Shougang had to increase wages by USD 1.10 a day. Union workers had been pushing for USD 1.75 while Shougang had offered 60 cents a day.

Shougang is Peru's only iron mine. It operates in San Juan de Marcona in southern Peru. It produced about 4,784,601 fine tonnes of iron ore in 2006.