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Xstrata Faces Strike and Credit Crunch
posted by Geordie
Geography: Canada, Africa, Ontario
Topics: Mining, labour, strike, africa, ontario, union, corporation, credit
October 4, 2008
Xstrata Faces Strike and Credit Crunch
Bad month for Xstrata, one of the worlds biggest mining groups.
First, CAW Local 599 goes on strike in Timmins, Ontario at the Copper Kidd Metallurgical mine.
Then it's pitch to take over Lonmin, an Anglo-African platinum mine company , fails because of the Credit Crisis.
Xstrata took over Canadian mining company Falconbridge in 2006.
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Dominion Weblogs compiles the weblogs of Dominion editors and writers. The topics discussed are wide-ranging, but Canadian Foreign Policy, grassroots politics, and independent media are chief among them.
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