Last checked at 10 Feb 2009 07:00
Fresnillo Plc
28 Grosvenor Street
London W1K 4QR
United Kingdom
www.fresnilloplc.com
10 February 2009
Limited Strike Action at Peñoles Refinery
No Current Impact on Fresnillo
Fresnillo plc, the world's largest primary silver producer and Mexico's second largest gold producer, has been advised by its parent company, Peñoles, that one of the sections of the union operating at the Met-Mex metallurgical complex has stopped work over a dispute on the annual contract review. This stoppage currently has no impact on Fresnillo's operations 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. In the event that this stoppage is not resolved in the short-term and in order to ensure that there is no interruption to its operations, Fresnillo is already examining alternative options for its concentrate treatment requirements in case Met-Mex were unable to receive and process further lead concentrates.
We will keep the market informed of developments as they occur.
For further information please visit www.fresnilloplc.com or contact:
Fresnillo plc
London Office
Octavio Alvidrez, Head of Investor Relations Tel: +44(0)20 7399 2470
Mexico City Office
Gabriela Mayor Tel: +52555 279 3203
Brunswick Tel: +44(0)20 7404 5959
Patrick Handley
Carole Cable