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June 8 (Reuters) - Newmont has suspended operations at its Peñasquito mine in Mexico in response to a labor strike notice, the gold miner said on Thursday.
On June 7, the Union notified Newmont of a strike action demanding an increase in the uncapped profit sharing benefit provided for in the Collective Bargaining Agreement (CBA) from 10% to 20%, the company said.
Newmont added it remains willing to participate in conciliation meetings to reach a resolution in accordance with the CBA. (Reporting by Ankit Kumar and Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri)
