Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (17979)	8/28/2002 8:10:20 AM
From: Frank Pembleton	Read Replies (1) of 36161

Noranda smelter at half capacity as strike continues NORANDA'S Horne copper smelter in northwestern Ontario is still operating at 50-60% capacity as 510 unionised workers who walked off the job on June 18 continue to strike. A company spokesman told Dow Jones a conciliator and mediator have been appointed but no talks between the management and unions representing the striking workers are planned. The smelter, which produced 188,000 tonnes of copper in 2001, was closed for three weeks from July 21 as a result of the strike. Noranda also closed its CCR copper refinery in Montreal for three weeks from July 28 due to a reduced supply of copper anodes, which are usually supplied by the Horne smelter. The strike centres on a new labour agreement after the previous agreement at the plant expired in February. Negotiations going months beyond the labour agreement date are not uncommon in Ontario. The last strike at Horne was in 1986 and lasted three months.

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