Dominion Lending Centres Clearlease Reports Teck Resources (TSX:TCK.B) says striking employees at its Elkview coal mine in southeast British Columbia have ratified a new five-year agreement.

WINNIPEG – (April 8, 2011) Clearlease.com Reports Teck Resources (TSX:TCK.B) says striking employees at its Elkview coal mine in southeast British Columbia have ratified a new five-year agreement.

VANCOUVER – (April 8, 2011) Clearlease.com Reports VANCOUVER – Teck Resources (TSX:TCK.B) says striking employees at its Elkview coal mine in southeast British Columbia have ratified a new five-year agreement.

Terms of the deal — which ends a labour dispute that began in January — were not released, but Teck says production at the mine will resume today.

The agreement, which was tentatively announced Monday, replaces one which expired at the end of October last year.

It follows an earlier deal that was voted down by the members of the United Steelworkers Local 9346.

The mine, near Sparwood, B.C., is the second-largest of Teck’s six operating coal mines, with about 700 workers.

Teck cut its 2011 guidance for coal production last month by about one million tonnes due to a tough winter and the Elkview labour dispute.

The company said it expected coal sales in 2011 to be between 23.5 tonnes and 24.5 million tonnes, compared to previously announced guidance of 24.5 to 25.5 million tonnes.

The reduction followed an earlier announcement that the company would sell between 4.6 million and 4.9 million tonnes of coal compared with an average of 5.3 million tonnes in recent years.

At the time, the company said the strike had not been a significant reason for the lower sales as deliveries of Elkview coal from inventory continued.

Teck is Canada’s largest diversified miner, focused on copper, steelmaking coal and zinc. It also owns an interest in a large oilsands project.

Its shares stood at $55.06 when the Toronto Stock Exchange closed Thursday

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VANCOUVER – (April 8, 2011) Clearlease.com Reports Teck Resources (TSX:TCK.B) says striking employees at its Elkview coal mine in southeast British Columbia have ratified a new five-year agreement.