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JOHANNESBURG ( – Canada’s largest diversified miner Teck Resources on Friday said it had ratified a new five-year [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] agreement between its zinc- and lead-smelting-Trial Operations and two employee unions relating to enhancements to the pension and postretirement benefits.
The openpit mine has already been developed for the existing operations, but [url=http://www.achbanker.com/home.php]www.achbanker.com/home.php[/url] will be expanded and deepened over the mine life to feed the new concentrator. The new developments will include the process plant, nonprocess facilities, tailings management facilities, and the electric power and [url=http://www.mquin.com/giuseppezanotti.php]giuseppe zanotti sneakers[/url] water supplies.
As a result, Teck said it would incur an after-tax charge to second-quarter earnings of about $34-million, of which about three quarters would be a noncash accrual.
Meanwhile Teck Resources also filed a Canadian National Instrument 34-101-compliant resource estimate for its Quebrada Blanca copper project, in Chile.
The proposed project [url=http://www.davidhabchy.com]barbour outlet[/url] is considered to be large by international standards, with two grinding circuits intended to provide [url=http://www.mquin.com/giuseppezanotti.php]giuseppe zanotti pas cher[/url] a total nominal milling capacity of 135 000 t/d, or [url=http://www.1855sacramento.com/moncler.php]moncler sito ufficiale[/url] about 50-million t/y. [url=http://www.davidhabchy.com]barbour sale[/url] Including waste rock, the total mined material will vary between about 50-million tons and 100-million tons a year.
CEO Greg [url=http://www.gotprintsigns.com/hollisterpascher/‎]hollister paris[/url] Belland said the agreement took effect on June 1 [url=http://www.sandvikfw.net/shopuk.php]hollister outlet sale[/url] and replaced the previous agreement that expired on May 31.
The current operation started in 1994 and consists of openpit mining and processing of supergene ore by means of leaching, solvent [url=http://www.vivid-host.com/barbour.htm]barbour uk outlet[/url] extraction, and electrowinning. This provides a yearly production of about 85 000 t of cathode copper.
The mine, situated next to the giant Xstrata- and Anglo American-owned Collahuasi mine, has a total mineral resource [url=http://www.gotprintsigns.com/monclerpascher/]moncler[/url] in the indicated category of 744-million tons at a grading of 0.42% copper.
“Discussions with Locals 480 and 9705 of the United Steelworkers were positive and productive,” Belland said.
Teck Resources in April said first-quarter earnings fell by around 53% to C$218-million, as a C$329-million charge [url=http://www.maximoupgrade.com/hot.php]hollister france[/url] on debt refinancing offset a slight increase in revenues.
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