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Shougang Hierro declares force majeure

Keywords: Tags  Shougang Hierro Peru, force majeure, iron ore, worker strike

SÃO PAULO — Shougang Hierro Perú SAA, Peru’s sole iron ore producer, declared force majeure on shipments Sept. 2, two weeks after contractors and unionized workers began indefinite strikes over 2013-14 wages.

The company does not know how long the emergency measure will last or the estimated iron ore output loss, a company source told AMM sister publication Steel First.

The miner, a subsidiary of China-based Shougang Group, produced 3.29 million tonnes of iron ore in the first half of 2013 at its Marcona mining operation in Peru’s Ica region, down 13.4 percent from 3.8 million tonnes in the same period last year.

A version of this article was first published by AMM sister publication Steel First.

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