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Orvana suspends Orovalle gold-copper operations in Spain due to strike

Vladimir Basov

Kitco News

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(Kitco News) - Orvana Minerals (TSX: ORV) today announced a temporary suspension of its Orovalle gold-copper operations in Spain as a result of the lack of timely supply of materials caused by a national strike of transportation services.

The company said that several Spanish truckers' unions commenced a nationwide strike on March 14 over rising fuel prices and working conditions.

"The protest in the transport sector has disrupted the supply chains across all sectors," Orvana noted in its statement.

The company added it intends to resume normal production at Orovalle when transportation services restart. In the meantime, the company continues to investigate any and all options at its disposal to restart operations.

Orvana is a multi-mine gold-copper-silver company. The company's assets consist of the producing El Valle and Carlés gold-copper-silver mines in northern Spain, the Don Mario gold-silver property in Bolivia, currently in care and maintenance, and the Taguas property located in Argentina. ​

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By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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