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Teck Resources Limited

Published : April 03rd, 2011

Announces Memorandum of Settlement Reached at its Elkview Operation

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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 (€ 6.2 billions).

Its stock quote reached its lowest recent point on October 17, 2008 at US$ 10.08, and its highest recent level on June 28, 2016 at US$ 11.80.

Teck has 576 249 984 shares outstanding.

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11/18/2014Teck Resources Limited: Province Approves Elk Valley Water Q...
11/12/2014Empresa Electrica Angamos S.A. -- Moody's Assigns Baa3 Ratin...
11/12/2014Teck Media and Investor Webcast Advisory
11/12/2014Teck Media and Investor Webcast Advisory
11/10/2014Strike hits Peru's top copper producer
10/29/2014Teck Reports Unaudited Third Quarter Results for 2014
3/4/2014Teck Announces Subscription to Midas Gold Corp. Unit Placeme...
1/22/2014Named to the Global 100 Most Sustainable Corporations List
1/16/2014Media and Investor Audiocast Advisory
11/20/2013Announces Dividend
11/13/2013Media and Investor Webcast Advisory
10/17/2013Acquires East Kootenay Lands
9/13/2013Named to Dow Jones Sustainability World Index
6/26/2013Receives Regulatory Approval for Renewal of Share Buy-Back P...
6/11/2013Announces Subscription to Horizonte Minerals Share Placement
6/7/2013Announces Asset Exchange Agreement
6/7/2013Recognized for Corporate Citizenship and Social Responsibili...
5/9/2013Announces Subscription to True Gold Mining Share Placement
5/7/2013Media and Investor Webcast Advisory
4/27/2013(Port)Reports Voting Results from Annual General Meeting
4/24/2013Announces Dividend
4/16/2013Receives B=2EC=2E Ministry of Environment Area Based Managem...
4/3/2013UNICEF Canada and Teck Launch Partnership to =?ISO-8859-1?Q?...
2/20/2013Media and Investor Webcast Advisory
2/19/2013The Micronutrient Initiative, Government of Canada and Teck ...
1/23/2013Named to Global 100 Most Sustainable Corporations List
1/14/2013Media and Investor Webcast Advisory
12/15/2012Announces Decision in Phase 1 of Upper Columbia River Litiga...
12/7/2012Announces Response to Incident at Westshore Terminals
11/28/2012Appoints New Vice President, Human Resources
11/9/2012Announces New Vice President Appointments
10/19/2012Announces Redemption of Notes
9/15/2012Named to Dow Jones Sustainability World Index
9/14/2012Announces Vice President Appointments
9/10/2012Announces Agreement as to Certain Facts in Upper Columbia Ri...
9/5/2012Media and Investor Webcast Advisory
7/9/2012Announces Temporary Withdrawal of Quebrada Blanca Phase 2 SE...
7/6/2012(Cardinal River)Announces New Collective Agreement at Cardinal River Operati...
6/28/2012Marks Canada Day with Trans Canada Trail Investment
6/26/2012Receives Regulatory Approval for Renewal of Share Buy-Back P...
6/19/2012Announces Subscription to Horizonte Minerals Share Placement
6/9/2012Announces New Collective Agreement at Trail Operations and R...
6/1/2012Announces Tentative Collective Agreement at Trail Operations
5/15/2012=?ISO-8859-1?Q?The=20Micronutrient=20Initiative,=20Governmen...
5/10/2012Media and Investor Webcast Advisory
4/4/2012Announces Closing of SilverBirch Transaction
3/19/2012and China's Ministry of Agriculture Sign Agreement to Promot...
3/14/2012Media and Investor Advisory
2/23/2012Media and Investor Webcast Advisory
2/17/2012Announces Redemption of US$1.051 Billion Principal Amount of...
2/17/2012Announces Pricing of US$1.00 Billion Notes Offering
2/16/2012Announces Notes Offering
2/9/2012(Port)Reports Unaudited Results for 2011
2/8/2012Announces New Collective Agreement at its Quebrada Blanca Op...
1/27/2012and BASF Announce Partnership to Reduce Zinc Deficiency Thro...
1/18/2012Media and Investor Webcast Advisory
1/7/2012(Carmen De Andacollo)Announces New Collective Agreement at Carmen de Andacollo
12/20/2011Closes Strait Gold Placement
11/28/2011Media and Investor Webcast Advisory
11/21/2011Announces Senior Management Changes
11/18/2011Recommends That Shareholders Reject "Mini-Tender Offer" by T...
11/10/2011Media and Investor Webcast Advisory
9/22/2011(Highland Valley)Announces Major Upgrades at Trail and Highland Valley Operat...
9/6/2011Media and Investor Webcast Advisory
9/2/2011and Ridley Terminals Announce Coal Shipment Agreement
5/12/2011Reaches Agreement at Community Justice Forum
2/24/2011Announces Odd Lot Selling Program
1/19/2011Provides Coal Guidance
12/17/2010Announces Final Results of Debt Tender Offer
11/17/2010Announces Dividend Increase
10/6/2010and Canadian Pacific Announce 10-Year Agreement for Westboun...
10/6/2010Announces Expiration and Final Resultsof Tender Offer for 10...
9/29/2010Announces Coal Mountain Collective Agreement
9/22/2010to Partner With Suncor on Wintering Hills Wind Power Project
9/22/2010Notes Offering Closes
9/22/2010Announces Extension of Tender Premium P =?ISO-8859-1?Q?eriod...
9/20/2010s Coal Guidance
9/14/2010Named to Dow Jones Sustainability World Index
9/7/2010Media and Investor Webcast Advisory
8/17/2010Notes Offering Closes
8/9/2010Increases Its Previously Announced Cash Tender Offer
7/16/2010Provides Additional Update on Greenhills Incident
6/21/2010Media & Investor Webcast Advisory
5/7/2010Media and Investor Webcast Advisory
4/22/2010Dividend
3/23/2010Annual Disclosure Documents
3/1/2010Confirms No Damage to Chilean Mines
2/4/2010BCUC Approval of Waneta Dam Transaction
1/25/2010Closing of Andacollo Gold Royalty Transaction
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$4=2E4 Billion of 2009 Paym...
4/8/2009Sale of Kinross Shares
2/20/2009Sale of El Brocal
1/8/2009Announces Global Workforce Reduction of 13% and 2009 Coal Pr...
10/1/2008 Announces the Creation of Five Strategic Business Units and...
9/30/2008 Enters Into Definitive Credit Agreements
10/1/2008Announce Receipt of Final Order and Satisfaction of Closing ...
9/29/2008Provides Update on Financing for Fording Transaction
9/11/2008Named to Dow Jones Sustainability Index
8/2/2008Global Copper Corp=2E and Teck Cominco Limited Announce Clos...
7/29/2008Acquire Fording Canadian Coal Trust Assets
7/28/2008Global Copper Shareholders Approve Teck Cominco Transaction
6/11/2008Metals Ltd=2E and United Steelworkers Reach Contract Agreeme...
5/31/2008on Trail Incident From Teck Cominco Metals Limited
4/23/2008Announces Dividend
4/14/2008Acquire Global Copper Corp.
3/7/2008Receives Regulatory Approval For Share Buy-Back Program
1/8/2008U.S. Supreme Court Denies Teck Cominco's Petition for Review...
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NYSE (TCK)TORONTO (TCK-B.TO)
11.80+3.42%15.37+3.09%
NYSE
US$ 11.80
06/28 16:02 0.390
3.42%
Prev close Open
11.41 11.86
Low High
11.39 12.09
Year l/h YTD var.
2.66 -  12.78 225.07%
52 week l/h 52 week var.
2.66 -  12.78 13.79%
Volume 1 month var.
9,734,156 23.82%
24hGold TrendPower© : 31
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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Annual variation
DateVariationHighLow
2016205.70%8.212.56
2015-70.92%9.7210.24
2014-45.25%24.6510.79
2013-25.78%34.6618.29
20125.94%38.5523.18
 
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