Rio Tinto and Canadian union reach labour deal for British Columbia ops

(Reuters) – Rio Tinto and Canadian union Unifor have reached a labour agreement in principle for the global miner's operations in the western Canadian province of British Columbia, the company said on Sunday.

The agreement comes after weeks of second-round talks between the two parties after the first round of negotiations over proposed changes to workers' retirement benefits and unresolved grievances had failed to go through in July.

Unifor, which represents about 900 workers at the miner's aluminium smelting plant in Kitimat and power generating facility in Kemano, had started a strike action at BC Works in July after the failed first round of talks.

"Both parties are satisfied that the proposed agreement will provide a foundation for respect in the workplace and underpin a competitive and sustainable future for BC Works," Rio Tinto said in a statement on its website on Sunday.

Both parties, however, refrained from revealing the details of the agreement until Unifor presented the proposed deal to its members and sought a ratification vote, which is expected to be conducted in the coming days, Rio added.

(Reporting by Sameer Manekar in Bengaluru; Editing by Emelia Sithole-Matarise)

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.

MOST ACTIVE MINING STOCKS

 Daily Gainers

 Elementos Limited ELT.AX +2,400.00%
 Amarillo Gold Corp. AGC.V +80.00%
 Compass Gold Corp. CVB.V +40.74%
 Alix Resources Corp. ARXRF +30.75%
 Astro Resources NL ARO.AX +25.00%
 Hannans Reward Ltd. HNR.AX +18.92%
 New Stratus Energy Inc. NSE.V +17.89%
 Beowulf Mining plc BEM.L +17.79%
 Purepoint Uranium Group Inc. PTU.V +16.67%
 Standard Lithium SLL.V +16.42%