Monday, June 11, 2007

Chilean Currency Strengthens on Higher Copper Prices Amid Strike Threats

(Bloomberg) -- Chile's currency rose for the first
time since June 4 on increasing copper prices ahead of
threatened miners' strikes.

Workers at projects operated by Chile's Codelco, the
world's biggest producer, and at Chile's Collahuasi mine have
threatened to strike during wage negotiations. Workers at six
operations owned by Grupo Mexico SAB, the world's seventh-
largest copper producer, plan to strike starting June 15.


Read more at Bloomberg Currencies News

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