Freeport says Cerro Verde output OK despite strike

Fri Oct 3, 2008 1:28pm EDT
 
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LIMA, Oct 3 (Reuters) - Workers at the Cerro Verde copper pit, Peru's third largest, entered the second day of a strike on Friday, though mine owner Freeport-McMoRan Copper & Gold Inc (FCX.N) said output has not been impacted.

Union leader Leoncio Amudio said the walkout for better pay and benefits would continue indefinitely, but strikes in Peru rarely last more than a week.

Peru is the world's No. 2 copper producer and last year the mine produced 273,960 tonnes of the red metal.

Global prices have not been pressured by the strike as traders say they are worried about cratering demand for base metals. (Reporting by Maria Luisa Palomino; Editing by Christian Wiessner)

 

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