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Teck says workers at one of its Chile mines ratify new labour contract

By The Canadian Press | February 07, 2012

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A truck hauls a load at Teck Resources Coal Mountain operation near Sparwood, B.C. in a handout photo. THE CANADIAN PRESS/HO, Teck Resources

VANCOUVER - Teck Resources Ltd. (TSX:TCK.A), Canada's largest publicly traded miner, says workers at its Quebrada Blanca mine in Chile have ratified a new 46 month agreement.

The new deal, announced by the Vancouver company Tuesday, runs through November 2015, replacing a deal that expired on Jan. 31, 2012.

The company provided no further details on the agreement.

"Our discussions with the union have reached a successful conclusion, and we are pleased to have reached a new collective agreement at our Quebrada Blanca operation," said Alvaro Díaz, interim general manager at Quebrada Blanca.

Teck is a diversified miner producing steelmaking coal, zinc, copper and energy.

The company's energy business includes a 20 per cent stake in the Fort Hills oilsands project and a 50 per cent interest in the Frontier project in the Athabasca region of northern Alberta.

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