TORONTO – Iberian Minerals Corp. (TSXV:IZN) says that following a vote of unionized workers, a month-long strike at the company’s Aguas Tenidas copper, lead and zinc mine in Spain has been called off.
Iberian said Wednesday the company and its unions have resumed negotiations on a new contract.
Last month, the two unions at the Spanish mine began rotating strikes to back the workers’ demands for higher wages.
The two day a week rolling strike began Aug. 20, shutting down the mine and nearby processing plant.
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At the time, Iberian president and CEO Daniel Vanin, said the unions’ wage demands were unacceptable to the company.
“In the current economic climate, the unions’ demand for what amounts to a 37 per cent aggregate increase in salaries and benefits is both unfair and entirely unrealistic,” Vanin said.
“Unions have failed to recognize the above average nature of our existing wage offering, or the harsh economic realities that we face in the region and as a nation”.
Iberian is an international miner with operations in Spain and Peru.
In Peru, the company operates the Condestable copper, gold and silver mine.
The Aguas Tenidas Mineis is an underground mine and mill in southwestern Spain that processes 2.2 million tonnes a year of ore containing copper, gold, silver, lead and zinc.
In trading on the TSX Venture Exchange, Iberian shares fell one cent to 78 cents.
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