Mon Mar 21, 2011 1:19pm GMT
March 21 (Reuters) - Teck Resources said employees at its Elkview coal mine in southeastern British Columbia have rejected a new five-year collective agreement with the union, prolonging the strike that has hit production at the site.
Work at the site stopped on Jan. 30, and the company said it plans to restart talks with the Elkview union bargaining committee to reach a new agreement.
Last Tuesday, the company said it had reached a tentative agreement with the union at its Elkview coal mine.
Teck, one of the world's top exporters of metallurgical coal, a key raw material used to make steel, has a 95 percent interest in the Elkview mine. The remaining 5 percent is split between Japan's Nippon Steel Corp and South Korean steelmaker Posco .
Teck shares closed at C$53.37 on Friday on the Toronto Stock Exchange. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Unnikrishnan Nair, sourced Reuters)
Work at the site stopped on Jan. 30, and the company said it plans to restart talks with the Elkview union bargaining committee to reach a new agreement.
Last Tuesday, the company said it had reached a tentative agreement with the union at its Elkview coal mine.
Teck, one of the world's top exporters of metallurgical coal, a key raw material used to make steel, has a 95 percent interest in the Elkview mine. The remaining 5 percent is split between Japan's Nippon Steel Corp and South Korean steelmaker Posco .
Teck shares closed at C$53.37 on Friday on the Toronto Stock Exchange. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Unnikrishnan Nair, sourced Reuters)
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