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| Name | Symbol | Market | Type |
|---|---|---|---|
| Sumitomo Corp (PK) | USOTC:SSUMY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.085 | -0.34% | 25.075 | 24.66 | 25.66 | 25.23 | 24.99 | 25.15 | 39,328 | 22:00:00 |
From Jul 2019 to Jul 2024
Union workers at Peru's third biggest copper producer, Sociedad Minera Cerro Verde SA (CVERDEC1.VL), returned to work Wednesday, ending a strike that dragged on for more than two months, a union official said.
"We have finished the strike," union leader Leoncio Amudio told Dow Jones Newswires.
Workers went on strike Sept. 29 to seek higher pay, among other benefits. No agreement was reached with the company.
Workers expect authorities from the Arequipa region, where the mine is located, to issue a resolution to resolve the dispute.
Cerro Verde produced 157 million pounds of copper in the third quarter of this year, down from 165 million pounds in the third quarter in 2010.
U.S.-based Freeport-McMoRan Copper & Gold Inc. (FCX) has a majority interest in Cerro Verde. Compania de Minas Buenaventura SA (BVN, BUENAVC1.VL) and a subsidiary of Sumitomo Corp. (SSUMY, 8053.TO) also have stakes in the company.
Peru is the world's second biggest copper producer.
-By Ryan Dube, Dow Jones Newswires; 51-945 043 802; peru@dowjones.com
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