Strike over at Iamgold Corp. mine in Suriname

AP News
Posted: Aug 03, 2011 10:03 AM
Strike over at Iamgold Corp. mine in Suriname

A strike that halted operations at the Rosebel gold mine operated by Toronto, Canada-based Iamgold Corp. in Suriname has ended, the company and a union official said Wednesday.

The employees agreed to resume work at the mine south of Suriname's capital following a late-night mediation session, union President Freddy Brug said.

The dispute centered on a management move to lengthen the work day on the final day of the workers' 14-day shifts. Brug told The Associated Press that management agreed to negotiate a new shift schedule after workers operations resume at the mine.

Iamgold issued a statement confirming that the 36-hour strike had ended when "an agreement was reached with regard to a possible change in shift scheduling" but did not provide details.

The company said Rosebel has resumed operations and is on target to meet its 2011 production guidance of between 360,000 and 380,000 ounces of gold.

Iamgold owns 90 percent of Rosebel with the remainder owned by Suriname's government.

The mine is among the country's largest employers. It is located about 52 miles (85 kilometers) south of the capital at the edge of the forest in the largely undeveloped South American country.