Dynasty workers resume activity at Zaruma
JOHANNESBURG (miningweekly.com) – Workers at TSX-listed Dynasty Metals & Mining subsidiary Elipe’s Zaruma mine will return to work and continue mining activities, following an agreement reached this week.
In April, an unexpected walkout by workers at the gold mine in Ecuador resulted in the temporary suspension of all activities at the mine.
Under the terms of the agreement, the mineworkers are entitled to 20% of all material processed to satisfy outstanding wages owed to them, with the remaining 80% to be the property of the company.
The transportation and milling costs will also be divided proportionally so that 20% of those costs are to be borne by the mineworkers. All material will be processed at the Zaruma processing plant and, once the current outstanding wage obligation has been met, Dynasty is entitled to 100% of the material processed.
The agreement also stipulates that Dynasty has the right to engage contract miners, in addition to the current mineworkers, with all material mined by the contract workers remaining the property of the company.
The agreement between the mineworkers and the company is the result of consultation and negotiation between the two parties, with participation from the Ecuador Ministry of Labour.
"We are extremely pleased to have arrived at this agreement following our negotiations with our mineworkers. We believe all parties have acted in good faith to arrive at an equitable arrangement for all concerned,” commented Dynasty CEO Robert Washer.
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