strike over12 Dec 2014 07:18
Avocet Mining PLC ("Avocet" or "the Company") announces that the strike at its Inata Mine has ended peacefully. The striking workers, who since 4 December had illegally occupied the mine and prevented management access to the mine or plant, have dispersed to their homes.
The strike followed discussions with workforce representatives regarding cost reductions that are essential for Inata to continue operations, especially at times of lower gold prices.
An inspection of all plant and machinery is being undertaken to identify whether any damage has been incurred and what adverse impact on processing has occurred. Damage assessment and assessing options for a return to operations may take several weeks.