Monday, March 15, 2010

Alcoa (NYSE:AA) and Rio Tinto (LSE:RIO) CBG Strike Halted

Alcoa, Rio Tinto Avert Strike at CBG Project

Alcoa (NYSE:AA) and Rio Tinto (LSE:RIO) received good news at its Guinea CBG project, as the union there halted their intended strike on work conditions grievances.

Not all the workers followed the call for a strike, seemingly the reason it was halted in favor of continuing negotiations while the mine remained open.

The joint venture between Rio Tinto and Alcoa at the project should produce over 13 million tons of bauxite in 2010, eqaul to about 80 percent of all projected to come out of the country.

No comments: