VANCOUVER, Sept. 26 /CNW/ - Belvedere Resources Ltd. BEL:TSX-V
("Belvedere") announces a work stoppage by underground mine workers at its
Hitura nickel mine. Two shifts failed to report to work today. Management
understands the underground mine workers took this action because of a new
roster system for the underground mine workers which is part of a management
initiative aimed at increasing the productivity of the mine, and lowering the
operating costs at the mine.
A work stoppage of this nature violates the collective work agreement and
is not part of the procedure under Finnish law for negotiating disputes.
Management is extremely disappointed that though the formal channels have been
followed an action of this nature has been instigated.
Management has given the required two days notice to the union for a
meeting. The meeting with the union is scheduled for Monday, September 29,
2008 in Finland.
A further press release will follow with an update on negotiations.
Belvedere is a publicly-listed resourced company engaged in the business
of nickel production and exploring, discovering and developing mineral wealth
in Finland. Belvedere currently produces 2,500 tonnes annually of nickel metal
in concentrate from its 100% owned Hitura Nickel Mine in Western Finland and
Sarkiniemi Nickel Mine in Eastern Finland.
Forward Looking Statements:
Some of the statements contained herein may contain forward-looking
statements, which involve known and unknown risks and uncertainties.
David Pym, CEO
Suite No. 404, Vancouver World Trade Centre
999 Canada Place
Vancouver, British Columbia
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of the content of this news release.
For further information:
For further information: David Pym, CEO, at (604) 844-2838, or visit