Xstrata Copper

Xstrata Copper

March 04, 2009 19:55 ET

Union Members of Xstrata Copper Canada's Horne Smelter Approve Agreement in Principle

ROUYN-NORANDA, QUEBEC--(Marketwire - March 4, 2009) - Xstrata Copper Canada is pleased to announce that the members of the Syndicat des travailleurs de la Mine Noranda - CSN voted in favour of the agreement in principle for the renewal of the collective agreement concluded between Union executives and the Company. 87% of employees attending the meeting voted to ratify the agreement.

"We are very pleased that employees approved the agreement. The negotiations we just finished took place in complete transparency and respect, which is very promising for the future" stated Claude Belanger, General Manager of the Horne Smelter.

The new collective agreement provides for salary increases, on average, of 3.1% for the first year, 2.8 % for the second year and 2.7% for the third year. We have made notable progress regarding the following issues:

- facilitate the recall of employees versus subcontracting;

- improving the manpower action mechanism in order to increase flexibility;

- more flexibility for vacation and holiday usage;

- improvement of the current pension plan.

ABOUT XSTRATA PLC

Xstrata is a global diversified mining group, listed on the London and Swiss Stock Exchanges, with its headquarters in Zug, Switzerland. Xstrata's businesses maintain a meaningful position in seven major international commodity markets: copper, coking coal, thermal coal, ferrochrome, nickel, vanadium and zinc, with a growing platinum group metals business, additional exposures to gold, cobalt, lead and silver, recycling facilities and a suite of global technology products, 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, New Caledonia, Norway, Papua New Guinea, Peru, the Philippines, South Africa, Spain, Tanzania, the USA and the UK. Xstrata employs approximately 56,000 people, including contractors.

ABOUT XSTRATA COPPER

Headquartered in Brisbane, Xstrata Copper is one of the commodity business units within the major global diversified mining group Xstrata plc. Its operations and projects span eight countries: Australia, Argentina, Chile, Peru, Canada, the USA, the Philippines and Papua New Guinea. Its operations are administered by five separate divisions, based close to the mining operations, namely the North Queensland, Minera Alumbrera, North Chile, Southern Peru and Canada divisions. It also has a recycling business (Xstrata Recycling) with plants in the United States and offices in Canada and Asia.

Xstrata Copper is the fourth largest global copper producer with annual attributable production capacity of over one million tonnes. Its world-class portfolio of six copper development projects provides the potential to double annual production through organic growth.

Contact Information

  • Xstrata Copper Canada
    Louis-Philippe Gariepy
    Manager, Public Affairs
    (514) 645-2311, extension 2162
    Email: lpgariepy@xstratacopper.ca