Endako and Steelworkers Reach Tentative Deal

Thursday, March 10, 2011 11:02 AM

Prince George, B.C. – The United Steelworkers (USW) Local 1-424 has reached a tentative collective agreement with Endako Mines at the company's open pit and milling operations, 190 kilometres west of here.

Local 1-424 president Frank Everitt says details of the agreement will be released to the union's 265 members at ratification meetings now being scheduled.

The molybdenum mine and mill workers joined the USW in July 2010.

"The local union and the bargaining committee thank our membership for their patience during a long set of negotiations," says Everitt. "We have a tentative collective agreement which our bargaining committee unanimously recommends that our members accept."

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Posted on Thursday, March 10, 2011 11:02 AM in News by 250 News

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Comments

Posted by: Andyfreeze on March 10 2011 11:13 AM

This is a good thing.
Far too much going on with Thompson re: Mt.Milligan and the Endako expansion to be snarled up in a labour dispute!
And I see the price,which is pretty good right now,is on it's way back up.

Posted by: He spoke on March 10 2011 11:24 AM

on its way back up? I think copper was at $4.30 a pound. I think that is already a high. Gold at 1440 is at its top.

Moly at 16 is about half way there.

Posted by: Andyfreeze on March 10 2011 11:37 AM

Thompson is up 33 cents today from a low of 11.25.
That's down from over 15 bucks a month ago.
Target is 20 bucks.
Should be an interesting Friday at the market tomorrow!

Posted by: He spoke on March 10 2011 7:47 PM

i thought TC was down today, along with the TSE. Should be interesting tomorrow, I think the TSE is too high, considering our economy. You can not tell me that we are with in 10% of what it was in 2007.

It should be around 12,500 not at the recent hight of 14300. I think it closed around 13600 today. I think there is going to be another hit tomorrow, the profit takers are gonna get the getting when the getting is still there to get.

Posted by: Andyfreeze on March 11 2011 7:23 AM

TCM has been as high as 11.90 today, from a low of 11.25 yesterday.
And you're right He spoke...the TSE has been high lately...too high for my comfort zone!
This dump of 300 points yesterday should have been expected.
Volumes on gold in particular started to back off as soon as it passed the 1400 dollar mark but that's to be expected.
Scares the hell out of investors.
Now,with the quake and tsunami,it will be all over the map for a while.
Be interesting to see where gold and oil go now,especially oil.
This is just the excuse the oil barons love to pump up the price a bit more!