Printer Friendly

Bema Gold Corporation Refugio Mine Update.

VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Jan. 21, 1997-- Bema Gold Corporation (VSE, TSE, AMEX BGO. ) Bema Gold Corporation ("the Company") reports, Compania Minera Maricunga ("CMM") (50 percent Bema Gold/50 percent Amax Gold), the operator of the Refugio Mine has informed the Company that a union representing a minority of the total Refugio Mine work force has gone on strike commencing January 20 for increased wages and benefits. The Refugio Mine continues in full operation and CMM has taken all necessary steps to ensure operations at the Mine will not be affected by this labour dispute.

The striking workers represent 26 percent of the Refugio Mine total work force. The strike does not affect the remainder of the work force made up of numerous contractors, non-union workers and temporary employees.

CMM believes the offer made to the union prior to the strike addressed in a fair and reasonable manner the issues raised by the union. Management awaits a response from the union and is confident the dispute can be resolved in the near term.

--On Behalf of BEMA GOLD CORPORATION Clive T. Johnson, Chairman, C.E.O. & President -0- The Vancouver and Toronto Stock Exchanges neither approve nor disapprove the information contained in this News Release.

CONTACT: Bema Gold Corporation

John Anderson, 604/681-8371
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jan 21, 1997
Words:214
Previous Article:Arc Communications corrects and replaces release from Thursday, Jan. 16.
Next Article:AML Communications Inc. announces results for third quarter, fiscal 1997.
Topics:


Related Articles
Bema Gold -- Refugio Project, Chile US $85 million gold loan closed, mine construction underway.
Bema Gold - 1994 third quarter financial results.
Bema Gold negotiates option to acquire 49 percent of Aldebaran Property, Chile.
Amax/Bema Gold - US $127 Million Construction Financing Drawn Down Mine Construction On Schedule.
BEMA GOLD - 1995 SECOND QUARTER FINANCIAL RESULTS.
Arizona Star/Bema Gold - Aldebaran Property, Chile - Cerro Casale Drilling Results.
Amax and Bema - first gold produced from Refugio Mine, Chile.
Northern bounty: Ken Kammal of BASE Investment Management says companies in Canada are expanding.
Bema Gold Corporation: 2005 Gold Production/2006 Production Guidance.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters