Teck Cominco Limited
TSX : TCK.A
TSX : TCK.B
NYSE : TCK

Teck Cominco Limited

October 01, 2006 15:17 ET

Teck Cominco Limited-Tentative Agreement at Highland Valley Copper

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 1, 2006) - Teck Cominco Limited (TSX:TCK.A)TSX:TCK.B)(NYSE:TCK) announced today that Highland Valley Copper and Local 7619 of the United Steelworkers of America have reached a tentative collective agreement with the assistance of mediator Vince Ready.

Union ratification votes will be scheduled to take place over the next 7 to 10 days.

The tentative agreement is for a 5 year term, expiring September 30, 2011. No other terms of the agreement will be disclosed until ratification is complete.

Highland Valley operations had been shut down on an orderly basis prior to completion of negotiations. Full production is expected to be restored in approximately 3 days.

Teck Cominco is a diversified mining company, headquartered in Vancouver, Canada. Its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and on the New York Stock Exchange under the symbol TCK. The company is a world leader in the production of zinc and metallurgical coal and is also a significant producer of copper, gold, indium and other specialty metals. Further information can be found at www.teckcominco.com.

Contact Information

  • Teck Cominco Limited
    Greg Waller
    Director, Financial Analysis and Investor Relations
    (604) 687-1117

    OR

    Teck Cominco Limited
    Trevor Phelps
    Superintendent, Safety and Public Affairs, Highland Valley Copper
    (250) 523-2443
    Website: www.teckcominco.com