Kootenay BizBlog » by Keith Powell

Business developments in the Kootenays…

Teck’s Fording River shipped first rail car of coal 40 years ago

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“This is a real milestone for everyone here at Fording River,” said Richard Tremblay, general manager, Fording River Operations. “I have seen a lot of changes in the mining business over the years, but what has remained consistent is our employees’ commitment to responsible mining and giving back to their community.”

The first record of coal in the Elk Valley dates back to 1884, and when the railway was completed in 1885, industry began to develop. Many small underground mines were constructed, and the communities of Michel, Natal, Fernie, Corbin and Hosmer were born. Eventually, with progress and technical innovations, underground operations gave way to the open-pit mines we see today.

Built in 1969, Fording River is located 29 kilometres northeast of Elkford and is the largest of Teck’s five coal mines in the Elk Valley. Most of the employees who work at Fording River live locally in Elkford, Sparwood, Fernie or the Crowsnest Pass.

Fording River produces primarily high-quality steelmaking coal for the global steel industry, and proven and probable reserves are projected to support mining at current production rates for more than 30 years. Teck’s five Elk Valley coal operations are an important contributor to the economies of B.C. and Canada, employing more than 3,300 people and contributing approximately $2 billion to GDP in 2010. Teck also gives back to communities near its operations, including the recent donation of $1 million towards the new Elkford Community Centre.

“We look forward to many more years of contributing to the local economy and to being a part of the communities where our employees live and work,” said Tremblay.

Submitted by Teck Fording River

Tags: mining, teck, elkford

Teck Trail’s new capital projects open house

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When and where

Tuesday, February 21, 2012, from 6 to 8:30 p.m. (presentation at 7 p.m.)

The Riverbelle, 1350 Esplanade, Trail, B.C.

For more information, please contact Catherine Adair, community engagement co-ordinator by email at Catherine.adair@teck.com or by phone at 250-364-4878.

Tags: trail, teck

Teck and Coal Mountain ratify five-year agreement

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Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) has announced that employees at the Coal Mountain Operation in southeastern British Columbia have ratified a new five-year agreement, replacing an agreement which expired on December 31, 2009. Production at the mine will resume effective today following a temporary suspension due to strike action taken by the United Mineworkers of America, Local 7292 on August 6, 2010.

"We are pleased that an agreement is in place and congratulate the members of the negotiating committees on reaching a successful resolution," said Bill Fleming, vice-president, operations and engineering.

About Teck Resources

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK. Visit us at www.teck.com.

Tags: mining, teck
Keith Powell

Keith Powell is the publisher and founder of Kootenay Business magazine which is part of the Koocanusa Publications family. He has written a regular sales and marketing column, called Ad Talk, in Kootenay Business magazine for over 20 years. He also writes a daily business blog about business developments in the Kootenays. He is a director of Kootenay Rockies Tourism.

E-mail Keith if you have a business story idea.