Teck Resources reaches deal with union on Quebrada Blanca mine

Teck Resources (NYSE:TECK) and the union representing workers at its Quebrada Blanca copper mine in Chile announce a new wage agreement, ending an eight-day strike.

TECK says the union, which represents ~25% of the mine’s workforce, agreed to a 24-month contract.

Workers began their strike last Wednesday after failing to reach a deal on a bonus scheme that would put the union on equal footing with the mine’s two other unions, which reached agreements earlier this year with Teck.

By: , SA News Editor