Barrick Gold's Pascua-Lama Mine Workers May Strike

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Frustrated workers at Barrick Gold Corp’s suspended Pascua-Lama gold mine will be voting on Wednesday to determine whether or not they should strike, “which they say could delay construction of a water management system crucial for the project to be re-activated, the union said on Monday,” reports Reuters.

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“The roughly 300-worker strong union currently building the infrastructure is mulling a strike after rejecting the Toronto-based miner’s contract proposal on the grounds that its benefits were insufficient. They say Barrick has treated them unfairly and denounce a recent wave of lay-offs.”

Indian gold bullion saw the biggest price decline of the day, dropping 4.7 percent to close on Monday, October 28. Chinese gold bullion saw its price rise 0.6 percent. After a 0.4 percent increase, US gold bullion finished the day. After a couple of days of improving prices, the price of Japanese gold bullion held steady.

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Indian silver rose 4.6 percent. Chinese silver fell 0.6 percent yesterday. The price of US silver fell 0.6 percent. Japanese silver held its value yesterday.

The price of US platinum bar finished the market day up 0.3 percent per ounce. Chinese platinum bar ended the day after a 0.3 percent drop. Japanese platinum bar finished the day down 0.1 percent.

Chinese palladium bar prices saw a 1.2 percent decline. The price of US palladium bar fell 0.5 percent. Japanese palladium bar saw little change in its price on Monday.