LONDON, Sep 22, 2011 (Dow Jones ) -- Xstrata PLC's (XTA.LN) Canadian copper operations said Thursday a local union at its Kidd metallurgical site has agreed to a new three-year deal.
"Members of CAW-Local 599 have ratified a new three-year collective agreement at its Kidd Metallurgical Site in Timmins," the company said in a statement on its website.
The site, consisting of a mine and concentrator, produced 52,600 tons of copper in concentrate and 86,000 tons of zinc in concentrate in 2010, according to the unit's website. It employs approximately 1,400 people, including contractors, the unit added.
"Our goal is to maximize the value of the Kidd ore body and extend its operational life through safe and cost-efficient mining and milling operations," said Tom Semadeni, General Manager of Kidd Operations.
The new collective deal was agreed nine days before the existing collective agreement expires. The new agreement will enter into effect on Oct 1.