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Xstrata Nickel news release: New collective agreement ratified at Sudbury operations
February 2, 2007
SUDBURY, ONTARIO - Xstrata Nickel announced today that members of CAW Local 598, representing production and maintenance workers at the company’s Sudbury operations, have ratified a new three-year collective agreement. In a ratification vote, 87% voted in favour of accepting the new collective agreement.
The new agreement expires January 31, 2010, and includes the following highlights:
- A monetary offer including wage increases of C$0.60 per hour in the first year, C$0.20 per hour in the second year and C$0.20 per hour in the third year;
- Cost of living allowance increases in all three years;
- A continuity allowance of C$8,000 per employee;
- A commitment to increase flexibility within the job posting process at the mining operations;
- Improvements in the benefits package.
“We believe the new agreement is fair and balances the needs of the company with those of employees. We can now look forward to working together to pursue our business goals in Sudbury,” said Mike Romaniuk, Vice-President of Xstrata Nickel’s Sudbury operations. “The success of these negotiations was the result of dedication and commitment on both sides of the bargaining table, and I congratulate both bargaining teams for their success.”
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Xstrata Nickel Contacts
Ian Hamilton, Director Corporate Affairs
Office +1 416 982-7161
Mobile +1 416 902 0986
Email ihamilton@xstratanickel.ca
Background
Xstrata Plc is a major global diversified mining group, listed on the London and Swiss stock exchanges. Headquartered in Zug, Switzerland, Xstrata maintains a meaningful position in seven major international commodity markets: copper, coking coal, thermal coal, ferrochrome, nickel, vanadium and zinc, with a smaller but profitable aluminium business, recycling facilities, additional exposures to gold, lead and silver and a suite of global technologies, many of which are industry leaders. The Group's operations and projects span 18 countries: Argentina, Australia, Brazil, Canada, Chile, Colombia, the Dominican Republic, Germany, Jamaica, New Caledonia, Norway, Papua New Guinea, Peru, South Africa, Spain, Tanzania, the USA and the UK.
Xstrata Nickel is headquartered in Toronto, Canada, and is one of the commodity business units within the major global diversified mining group Xstrata plc.
Xstrata Nickel’s mining operations include five mines and processing facilities in Ontario, Canada; Quebec, Canada; a ferronickel mine and processing facility in Bonao, Dominican Republic; and a refinery in Kristiansand, Norway. Xstrata Nickel has a promising portfolio of growth projects, including Nickel Rim South in Canada, Kabanga in Tanzania, and Koniambo in New Caledonia.
Xstrata Nickel is the fourth largest global nickel producer, with annual managed production of more than 110,000 tonnes of refined nickel.