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5/23/12

Shock! Pissant blog halts trading in $1.5Bn mining company

Coeur (CDE) (CDM.to) saw its trading halted maybe 20 minutes ago and then just a couple of minutes ago issued this NR, that starts this way:
A small, unorganized group of employees of a subsidiary of Coeur Mexicana last weekend blocked access to Coeur d’Alene Mines’ (NYSE:CDE, TSX:CDM) Palmarejo Mine located in the state of Chihuahua in northern Mexico. Palmarejo management supervised an orderly, temporary shut-down of the mine and mill in order to allow for dialogue with employees while ensuring the safety of workers at the mine site. Management considers the actions taken by the small group blocking access to the mine to be illegal.
The small group blocking access to the mine does not represent Palmarejo Mine employees as a whole; however their actions are preventing other employees from safely reporting to work. The group of employees did not raise their concerns with Palmarejo management in any way before continues here


thanks owly