Production at Altonorte cut 50% as labor talks continue [UPDATE]

Dec 18, 2006 | 08:02 AM | Sean Barry

Production at Xstrata Plc's Altonorte copper smelter in Chile has been cut by 50 percent after workers launched a strike to protest the company's latest pay offer.

Labor talks between the two sides are continuing and a Xstrata spokesman said the company remained confident that a new labor deal could be reached.

"We're safely running the smelter at about half capacity," the spokesman said. "The discussions are continuing and we're pretty positive we can find a resolution."....

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