Advertisement
Canada markets closed
  • S&P/TSX

    22,259.47
    +312.06 (+1.42%)
     
  • S&P 500

    5,180.74
    +52.95 (+1.03%)
     
  • DOW

    38,852.27
    +176.59 (+0.46%)
     
  • CAD/USD

    0.7316
    +0.0008 (+0.11%)
     
  • CRUDE OIL

    78.75
    +0.27 (+0.34%)
     
  • Bitcoin CAD

    86,764.95
    -519.21 (-0.59%)
     
  • CMC Crypto 200

    1,366.89
    +54.27 (+4.13%)
     
  • GOLD FUTURES

    2,334.70
    +3.50 (+0.15%)
     
  • RUSSELL 2000

    2,060.67
    +24.95 (+1.23%)
     
  • 10-Yr Bond

    4.4890
    -0.0110 (-0.24%)
     
  • NASDAQ futures

    18,187.25
    -8.25 (-0.05%)
     
  • VOLATILITY

    13.49
    0.00 (0.00%)
     
  • FTSE

    8,213.49
    +41.34 (+0.51%)
     
  • NIKKEI 225

    38,236.07
    -38.03 (-0.10%)
     
  • CAD/EUR

    0.6791
    -0.0001 (-0.01%)
     

Teck Resources announces new contract with union at British Columbia mine

FILE PHOTO: Teck Resources sign is on display during the company's annual general meeting in Vancouver

(Reuters) - Canadian miner Teck Resources Ltd said on Saturday that members of a union representing 1,048 workers at its British Columbia mine have ratified a new five-year collective agreement.

The United Steelworkers have ratified a new collective agreement, replacing the one that expired on Sept. 30, 2021.

The Canadian mining company announced on Jan. 17 that a union at its Highland Valley Copper mine in British Columbia mine had agreed to hold a ratification vote on the mediators' recommendation.

Earlier this month, the company said it had received a strike notice from the union at the mine, without providing any reasons behind the potential strike.

The United Steelworkers did not immediately return a Reuters request for comment.

(Reporting by Rhea Binoy in Bengaluru; Editing by Aurora Ellis)