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Keywords :   Coal | Copper |

 

 

 

 

Teck Announces Memorandum of Settlement Reached at its Elkview Operation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 2, 2011) - Teck Resources Limited ("Teck"), (TCK.A and TCK.B, NYSE: TCK) announced today that Teck and Local 9346 of the United Steelworkers of America have reached a memorandum of settlement covering the Elkview operation. A previous tentative agreement announced on March 15, 2011 was not ratified by the union membership. With the assistance of mediator Vince Ready, additional talks have led to this memorandum of settlement.

The parties agree that they will be recommending this memorandum of settlement to their respective groups. The union ratification vote is scheduled to be complete by Thursday, April 7, 2011. If the agreement is ratified, production at the mine could resume by Friday, April 8, 2011. No other terms of the agreement will be disclosed until ratification occurs.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). Forward-looking statements include statements regarding Teck's expectations regarding the resumption of coal production at the Elkview Mine.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

Factors that may cause actual results to vary include, but are not limited to, unplanned disruptions in production or transportation, including due to weather or natural disaster, changes in general economic conditions or conditions in the markets for metallurgical coal, difficulties in obtaining union ratification of the Tentative labour agreement and other risk factors as detailed from time to time in Teck's reports filed with Canadian securities administrators and the U.S. Securities and Exchange Commission.

Certain of these risks are described in more detail in the annual information form of Teck and in its public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

About Teck Resources

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK.
www.teck.com

 

CONTACT INFORMATION:

Media Contact:
Teck Resources Limited
Marcia Smith
Vice President Corporate Affairs
604-699-4616
marcia.smith@teck.com

or

Investor Contact:
Teck Resources Limited
Greg Waller
Vice President Investor Relations & Strategic Analysis
604-699-4014
greg.waller@teck.com

 



Companies Mentionned : Coal & Allied Industries | Strategic | Teck |
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Teck Resources Limited

PRODUCER
CODE : TCK
ISIN : CA8787422044
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Teck is a producing company based in Canada.

Teck produces coal, copper, gold, lead, molybdenum, silver and zinc in Canada, in Chile, in El Salvador and in Peru, develops copper, gold, lead, molybdenum, silver and zinc in Australia, in Canada, in Mexico, in Panama and in Turkey, and holds various exploration projects in Argentina, in Australia, in Burkina Faso, in Canada, in Chile, in China, in Guyana, in Honduras, in Mexico, in Peru and in Turkey.

Its main assets in production are HEMLO, RED DOG, DUCK POND, BOUNDARY - CARAMELIA, WILLIAMS, ELKVIEW COAL MINE (BALMER MINE), HIGHLAND VALLEY, WILLIAMS UNDERGROUND, DAVID BELL and WILLIAMS OPEN PIT in Canada, COLQUIJIRCA MINE, PEND OREILLE, ANTAMINA ZINC ORE and ANTAMINA in Peru, QUEBRADA BLANCA - HYPOGENE, HORN SILVER COMPLEX (SAN FRANCISCO), ANDACOLLO, QUEBRADA BLANCA MINE, CARMEN DE ANDACOLLO and ANDACOLLO HYPOGENE in Chile and SAN SEBASTIAN in El Salvador, its main assets in development are LENNARD SHELF and LENNARD SHELF in Australia, CERATTEPE in Turkey, EL LIMON and POGO in Mexico, GALORE CREEK in Canada and PETAQUILLA and PETAQUILLA COPPER in Panama and its main exploration properties are PORACOTA, PICOTA and SILVER CLOUD in Peru, TAVSAN and ALTINTEPE in Turkey, AURBEL, BEACON NORTH, MAINSTREET, MERIDIAN, FUSE WEST, ADEL, MOUNT PLEASANT, PICKLE CROW, LOUVICOURT, HOMESTAKE RIDGE, GALORE CREEK - COPPER CANYON, KUDZ ZE KAYAH, FORDING RIVER, GREENHILLS, COAL MOUNTAIN, LINE CREEK, CARDINAL RIVER, SULLIVAN MINE, POLARIS MINE and AURBEL (DUMONT MINE) in Canada, LOS VERDES, MORELOS and LA VERDE PROJECT in Mexico, VREDELUS in Namibia, STONEPARK (LIMERICK) in Ireland, APOLLO HILL in Australia and TRUN in Bulgaria.

Teck is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 6.8 billions as of today (€ 6.3 billions).

Its stock quote reached its highest recent level on January 11, 2013 at US$ 35.38, and its lowest recent point on January 16, 2015 at US$ 10.45.

Teck has 576 160 000 shares outstanding.

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3/5/2010Waneta Dam Sale Closing
3/1/2010Confirms No Damage to Chilean Mines
2/22/2010Media and Investor Webcast Advisory
2/17/2010Comments on Additional Permit Appeal at Red Dog
2/12/2010Agreement with Westshore on Coal Shipments
2/4/2010BCUC Approval of Waneta Dam Transaction
1/25/2010Closing of Andacollo Gold Royalty Transaction
1/20/2010Media and Investor Webcast Advisory
12/8/2009Coal Production Guidance
9/23/2009Recognized for Outstanding Achievement in Mine Reclamation
7/31/2009Full Production at Trail and Update on Coal Sales
7/6/2009Secures Reduction in Rail Costs
6/25/2009Reports on Geotechnical Issues Identified at Highland Valley
6/23/2009Recognized for Excellence in Mine Safety and Mine Rescue & F...
6/22/2009Provides Coal Update
5/9/2009Bond Offering Closes
5/5/2009Announces Pricing of US$4.225 Billion of 5, 7 and 10 Year No...
5/1/2009Announces Execution of Credit Agreements
4/28/2009Provides Update on Terms of Bank Extension
4/24/2009Shareholders Approve Name Change to Teck Resources Limited
4/21/2009Bridge and Term Loan Extension-US$4=2E4 Billion of 2009 Paym...
4/8/2009Sale of Kinross Shares
2/20/2009Sale of El Brocal
1/8/2009Announces Global Workforce Reduction of 13% and 2009 Coal Pr...
10/1/2008 Announces the Creation of Five Strategic Business Units and...
9/30/2008 Enters Into Definitive Credit Agreements
10/1/2008Announce Receipt of Final Order and Satisfaction of Closing ...
9/29/2008Provides Update on Financing for Fording Transaction
9/11/2008Named to Dow Jones Sustainability Index
8/2/2008Global Copper Corp=2E and Teck Cominco Limited Announce Clos...
7/29/2008Acquire Fording Canadian Coal Trust Assets
7/28/2008Global Copper Shareholders Approve Teck Cominco Transaction
6/11/2008Metals Ltd=2E and United Steelworkers Reach Contract Agreeme...
5/31/2008on Trail Incident From Teck Cominco Metals Limited
4/23/2008Announces Dividend
4/14/2008Acquire Global Copper Corp.
3/7/2008Receives Regulatory Approval For Share Buy-Back Program
1/8/2008U.S. Supreme Court Denies Teck Cominco's Petition for Review...
11/26/2007UPDATES PROGRESS AT THE ROCMEC 1 GOLD PROPERTY
11/21/2007Announces Dividend
10/31/2007 Files Shelf Prospectus
9/28/2007Completes Acquisition of Aur Resources
9/24/2007Increases Holding in Fording Canadian Coal Trust to 19.95%
9/20/2007Announces Acquisition of Additional 5% Interest in Fort Hill...
8/30/2007Commences Compulsory Acquisition of Remaining Aur Shares
8/22/2007Acquires Approximately 93% of Aur Resources Common Shares
8/13/2007European Commission Approval for Aur Resources Transaction
8/3/2007Announces Canadian Competition Approval for Aur Resources Tr...
7/14/2007Review Coroner's Inquest Jury Recommendations
7/3/2007CORRECTION FROM SOURCE: Teck Cominco Makes Friendly C$41 Per...
6/28/2007Announces Fort Hills Design Basis Approval
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NYSE (TCK)TORONTO (TCK-B.TO)
11.80-0.51%14.75+0.07%
NYSE
US$ 11.80
05/27 09:31 -0.060
-0.51%
Prev close Open
11.86 11.88
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11.79 11.88
Year l/h YTD var.
11.37 -  16.08 -14.18%
52 week l/h 52 week var.
11.07 -  24.55 -49.25%
Volume 1 month var.
16,906 -19.29%
24hGold TrendPower© : -44
Produces Coal - Copper - Gold - Lead - Molybdenum - Silver - Zinc
Develops Copper - Gold - Lead - Molybdenum - Silver - Zinc
Explores for Coal - Copper - Gold - Lead - Molybdenum - Silver - Tungsten - Zinc
 
 
 
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DateVariationHighLow
2015-12.92%15.0510.45
2014-44.44%25.1611.01
2013-24.51%35.3818.67
20122.67%39.3523.66
2011-42.09%57.4522.79
 
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