Latest Drummond Ltd. Stories

2010-07-21 09:37:00

BIRMINGHAM, Ala., July 21 /PRNewswire/ -- Drummond LTD has plans for growth and development of its coal project in Colombia, South America. These plans include investment in new technology at the company's Pribbenow Mine, which currently produces over 20 million tonnes per year and expansion of its El Descanso Mine from the current capacity of 3 million tonnes per year to 25 million tonnes per year over the next three years. These projects will include new mining equipment as well as...

2010-06-15 12:22:00

BIRMINGHAM, Ala., June 15 /PRNewswire/ -- Drummond Ltd has reached a final agreement with all Company unions on the bills of petition submitted by the union organizations without any work stoppage. The main benefits of the new collective agreement are the following: Term of the collective agreement: Three (3) years Signing bonus: $7,000,000 pesos (USD 3,629) Salary Increase: First year: 2009 inflation + 3.0%, or...

2009-11-10 14:41:00

BIRMINGHAM, Ala., Nov. 10 /PRNewswire/ -- In two rulings on Monday, a federal district court in Birmingham, Alabama dismissed the latest efforts by Colombian plaintiffs, backed by the United Steelworkers and Colombian labor unions, to hold Drummond Company Inc., Drummond Ltd. and certain of their employees liable for paramilitary violence in Colombia. Three related lawsuits have been filed against the company in recent years. An initial lawsuit, brought by heirs of three murdered union...

Word of the Day
  • A punctuation mark (/) used to separate related items of information.
  • A little rod; a twig.
This word comes from the Late Latin 'virgula,' accentual mark, a diminutive of 'virga,' rod.