Limited Strike Action at Peño

RNS Number : 0501N

Fresnillo PLC

10 February 2009

 



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: [phone]

Mexico City Office

Gabriela Mayor                                                            Tel: [phone]

Brunswick                                                                     Tel: [phone]

Patrick Handley

Carole Cable

 

END

 

 

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