Teck reaches agreement with workers

Reuters September 30, 2011 3:01 PM www.vancouversun.com

DON LINDSAY, President & CEO, Teck Resources Ltd.,  characterized 2010 as a "strong year."

DON LINDSAY, President & CEO, Teck Resources Ltd., characterized 2010 as a “strong year.”

Photograph by: Handout, Vancouver Sun

TORONTO — Teck Resources said on Friday it has reached a tentative five-year agreement with unionized workers at its Highland Valley copper operation in British Columbia.

The Vancouver-based diversified miner said the union will now schedule a ratification vote to be held in the coming days. The terms of the new agreement were not disclosed.

The current labour contract was set to expire on Sept. 30. Earlier this week, workers at the site had authorized strike action if a settlement had not been reached by that time.

Reuters

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