First Quantum suspends Mauritania mine operations due to strike

Thu Sep 18, 2014 11:38am EDT
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TORONTO, Sept 18 (Reuters) - Canadian base-metals miner First Quantum Minerals Ltd said on Thursday it has suspended normal operations at its Guelb Moghrein copper-gold mine in Mauritania due to a strike by some unionized workers.

The Vancouver-based company, which primarily mines copper but also produces nickel and gold, also said it will reduce managerial staff at the site as it negotiates. It said it will announce updates "as warranted".

First Quantum, which took over rival Inmet Mining last year, did not identify the striking employees at Guelb Moghrein, which has about 1,470 workers, according to the company's website.

In July, First Quantum forecast 2014 copper production of 35,000 to 38,000 tonnes at the Guelb Moghrein mine and gold production of 50,000 to 55,000 ounces.

The company's shares fell 2.2 percent to C$22.28 on the Toronto Stock Exchange after the announcement. (Reporting by Susan Taylor; Editing by Peter Galloway)