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Mining company Cerrejon lost $96 million in 32-day strike
BOGOTA, March 12 () -- Colombian coal miners and the mining company Cerrejon said they reached an agreement that ends a monthlong strike.Colombia Reports said Tuesday the parties had signed a three-year contract that includes a $7,000 signing bonus for miners and a pay raise of 5.1 percent for the first year.Wage increases were set as cost-of-living adjustments for the final two years of the contract.The strike, which lasted 32 days, is reported to have cost the company $96 million.Coal prices in Europe dropped to a record low for 2014 futures when the end of the strike was announced,[url=http://www.christianslouboutinsales.com]Christian Louboutin Men[/url], Colombia Reports said.