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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Anglo American Plc | LSE:AAL | London | Ordinary Share | GB00B1XZS820 | ORD USD0.54945 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-16.50 | -0.70% | 2,346.00 | 2,345.00 | 2,346.00 | 2,370.00 | 2,343.00 | 2,370.00 | 42,917 | 08:25:50 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 30.84B | 283M | 0.2116 | 111.65 | 31.6B |
Union workers at Cerrejon LLC, Colombia's largest coal exporter, voted in favor of a strike Thursday as negotiations with the company regarding salary increases remain stalled.
The polling results showed that 2,935 union members participated in the voting and that 2,829 workers voted in favor of striking. A walkout could start as early as Sunday and as late as Feb. 5, Jose Brito, a union official, said before the official results were announced. The results still need to be ratified by a union assembly Saturday.
A strike at Cerrejon, equally owned by mining giants Xstrata PLC (XTA.LN), Anglo American PLC (AAUKY, AAL.LN) and BHP Billiton (BHP, BHP.AU), could cripple Colombia's coal exports. Colombia ranks as one of the world's top coal producers, with output at 76 million tons in 2010. Mines and Energy Minister Carlos Rodado said Jan. 14 that coal production for this year is expected to reach 96 million tons.
Leon Teicher, Cerrejon's president, said in a Jan. 20 interview with local newspaper Portafolio that the company produced 30.2 million tons of coal in 2010 and used its stock reserves to raise its exports to 31.4 million tons of coal. The company plans to export 32 million tons of coal in 2011, Teicher said.
-By Darcy Crowe, Dow Jones Newswires; 57-314-298-3277; darcy.crowe@dowjones.com
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