10 Feb 2009 07:00
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Fresnillo Plc
28 Grosvenor Street
LondonΒ W1K 4QR
United Kingdom
www.fresnilloplc.com
10 February 2009
LimitedΒ StrikeΒ ActionΒ atΒ PeΓ±olesΒ RefineryΒ
No Current Impact on Fresnillo
Fresnillo plc,Β the world's largest primary silver producer andΒ Mexico's second largest gold producer, has been advised by its parent company,Β PeΓ±oles, thatΒ one of the sections of theΒ union operating atΒ the Met-MexΒ metallurgical complexΒ has stopped work over a disputeΒ on the annual contract review.Β ThisΒ stoppage currently has no impact on Fresnillo'sΒ operationsΒ as it is limited to the lead-silver refinery unit and agreements have been reached throughout the rest of the metallurgical complex and the lead smelter and the zinc refinery are operating as usual.Β In the event that this stoppageΒ is not resolved in the short-termΒ and in order to ensure that there is no interruption to its operations,Β Fresnillo isΒ alreadyΒ examining alternative optionsΒ for its concentrate treatment requirementsΒ in case Met-MexΒ wereΒ unable toΒ receive and process furtherΒ lead concentrates.Β
We will keep the market informed of developments as they occur.
For further informationΒ please visitΒ www.fresnilloplc.comΒ orΒ contact:
Fresnillo plc
LondonΒ Office
Octavio Alvidrez, Head of Investor Relations Tel: +44(0)20 7399 2470
Mexico CityΒ Office
Gabriela Mayor Tel: +52555 279 3203
Brunswick Tel: +44(0)20 7404 5959
Patrick Handley
Carole Cable
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