Aug 4, 2011

Hit on Iamgold Corp. mine in Suriname

PARAMARIBO, Suriname (AP) - A strike which interrupted operations at the Rosebel gold mine has ended, operated by Toronto, Canada Iamgold Corp. in Suriname-based company and a union official, said Wednesday.The employees decided to return to work at the mine to the South of the capital of Suriname after a late night mediation sessionsaid union President freddy brug .The dispute centered on a management move to lengthen the work day on the last day of the movement of workers 14 days. Brug told Associated Press that management has agreed to negotiate a schedule again after resume the operations of the mine workers.IAMGOLD has released a statement confirming that the 36-hour strike ended when "an agreement was reached at a possible change of lag" but provided no details.The company said Rosebel resumed operations and is on track to achieve its orientation 2011 production of 360,000 and 380 000 ounces of gold.IAMGOLD has 90 percent of the Rosebel, the rest being held by the Government of the mine Suriname.La is among the largest employers in the country. It is located approximately 52 miles (85 km) South of the capital on the edge of the forest in the country of South America largely underdeveloped.

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