SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Copper - analysis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stephen O who wrote (1255)7/20/2005 10:04:46 AM
From: Stephen O  Read Replies (1) of 2131
 
Vedanta Unit Losing $2 Million a Day Because of Zambian Strike
2005-07-20 09:12 (New York)

By Anthony Mukwita and Antony Sguazzin
July 20 (Bloomberg) -- Vedanta Resources Plc's Zambian unit
is losing $2 million a day because of a strike over pay that is
now in its eighth day, Augustine Seyuba, a spokesman for the unit,
said.
Workers at the unit, Konkola Copper Mines Plc, are demanding
that their pay be doubled while management has offered a 30
percent rise.
``Sadly we are losing about $2 million a day and the
implications for the economy are bad,'' Seyuba said today in a
telephone interview.
Konkola's Nkana smelter produces 150,000 metric tons of
copper a year, equal to 0.8 percent of world supply.

--Editors: Griffiths
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News