Centerra Gold says Kumtor production suspended due to strike

Canada’s Centerra Gold Inc said late on Monday production was suspended at its Kumtor Mine in Kyrgyzstan after unionised employees went on a strike.

The trade union is demanding that the company pay the mandatory employee contribution to the Kyrgyz social fund in addition to the mandatory employer contribution, Centerra said.

Centerra said it believes this work stoppage is illegal as there is a collective agreement in place which expires on Dec. 31, 2012. It also added that it is in talks with the union to resolve the strike. – Reuters

Tags: Centerra Gold, Gold, Gold mining, Gold mining companies, Gold mining industry

Posted by admin on Feb 7 2012. Filed under Gold mining. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry