UPDATE 1-Uranium One idles South African mine over strike

Fri Oct 10, 2008 6:43pm EDT
 
[-] Text [+]

(Adds details, background)

VANCOUVER, British Columbia, Oct 10 (Reuters) - Uranium One (UUU.TO) has suspended mining operations at its Dominion uranium project in South Africa because of what the Canadian company said on Friday was an illegal strike.

The company said unions were refusing to return to work despite a court order, and it would soon begin terminating the striking employees and "actively exploring all options available."

The underground mining operation about 150 km (95 miles) southwest of Johannesburg is in pre-commercial production, according to Uranium One's website. (Reporting Allan Dowd, editing by Rob Wilson)

 
Kenneth Griffin, Founder, President and CEO, Citadel Investment Group LLC, speaks during the "Financial Recovery: When and How?" panel at the 2009 Milken Institute Global Conference in Beverly Hills, California April 27, 2009. REUTERS/Phil McCarten
Citadel enters the fray

Kenneth Griffin's powerful hedge fund has waded into the case of Goldman Sachs' purloined computer code, suing three of its former employees for setting up Teza Technologies.  Full Article | Full Coverage 

Companies In This Article

Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better