Teck’s Highland Valley copper mine operates at reduced capacity as strike begins
Teck’s Highland Valley Copper operation in Canada is running at reduced capacity after workers began a strike on October 24. The company says the production impact depends on the walkout’s duration and its contingency arrangements. Nearly 1,300 workers are involved, while Teck continues to seek a collective agreement.
Economics & Markets··Evening
Workers walk out on October 24
Workers at Teck Resources’ Highland Valley Copper mine in Canada began strike action on October 24. The operation is in British Columbia, near Kamloops. Members of United Steelworkers Local 7619, the union branch representing the mine workers, joined the walkout. Nearly 1,300 workers are involved in the dispute.[1], [2]
Activities continue under contingency plans
Teck said activities were continuing at reduced capacity. Its contingency plans give priority to safety and environmental management during the disruption. The company said the eventual effect on production depends on the duration of the labour action and its ability to sustain activities under those arrangements. It issued no revised numerical production guidance in the update. Teck identified labour relations, reliance on key personnel and the nature of the disruption among the uncertainties affecting its production outlook.[1]
Teck seeks a new collective agreement
Teck said it remained committed to negotiating a collective agreement that was fair and reasonable for employees while supporting the operation’s continuing viability. The Vancouver-headquartered company has copper and zinc activities in Canada, the United States and South America, and its shares trade in Toronto and New York. The announcement concerns labour action at Highland Valley Copper.[1]