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Crews back to work at Teck's Elkview

PRODUCTION has resumed at Teck Resources' Elkview operation in Canada following the ratification ...

Donna Schmidt
Crews back to work at Teck's Elkview

Teck said late last week that the mine had resumed production April 8 on the approval of a new ratified five-year deal. It replaces an agreement which expired October 31, 2010.

Terms were not disclosed.

The British Columbian operation’s 700-plus workers had been on strike since January 30, when the Local 9346 of the United Steelworkers of America took strike action that suspended production.

A previous deal presented to workers was voted down last month.

"We are pleased to have reached a successful conclusion to our negotiations and look forward to resuming normal operations at Elkview," operations and engineering vice-president Bill Fleming said.

In March, Teck said it had cut its whole-year coal production guidance by about 1 million tonnes because of the strike as well as harsh winter weather conditions.

Teck now expects coal sales in 2011 to be 23.5-24.5Mt, versus a previous annual outlook of 24.5-25.5Mt.

Due to the lower volumes, Teck also said its unit mining cost of product sold would now be $C63-67 per tonne for the whole year and $77-80/t in the first quarter.

Teck owns a 95% partnership interest in the Elkview mine, located near Sparwood in southeastern British Columbia. The remaining 5% is held equally by Nippon Steel Corporation and Posco.

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