(Bloomberg) — Striking miners at Barrick Gold Corp.’s Veladero operation in Argentina will return to work as the two sides negotiate, alleviating the latest challenge facing the world’s largest gold producer.
The Toronto-based company has initiated “a formal dialogue process with the union leadership to address issues of concern,” it said Monday in a statement.
AOMA, one of nine unions at Veladero that’s focused on mine operations, downed tools on Sunday. Under local labor rules, striking employees are required to return to work once formal talks begin, Barrick said.
The labor dispute is the latest in a string of problems for Barrick at Veladero. In March, a pipe carrying cyanide solution to the leach pad ruptured, leading to a suspension of leaching activities on March 29.
The third incident involving cyanide solution at Veladero in two years triggered threats from authorities to rescind its license and prompted company officials, including Executive Chairman John Thornton, to travel to Argentina to oversee the response.
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