Teck Resources Ltd. (TSX:TCK.B) shares rose in early trading Monday, just days after the major metals miner reported a labour disruption at its Coal Mountain mine in southeastern British Columbia.
The Vancouver-based company announced Saturday that production at the mine was suspended when 170 members of the United Mineworkers of America went on strike. A labour agreement between Teck and the workers expired at the end of 2009.
Coal Mountain produces metallurgical and thermal coal, with annual production capacity of 2.7 million tonnes at the mine and 3.5 million tonnes at the preparation plant.
In June, an explosion in a coal dryer at the company's Greenhills coal mine in British Columbia shut down production from the operation.
Teck said that it expected that would not have a "significant impact" on its production.
Teck, with 9,000 employees, is Canada's largest publicly traded metals miner, with major zinc, copper and steelmaking coal operations. The company is a big exporter to Asia of coal used in steel industry blast furnaces.
Teck shares rose 39 cents or just over one per cent to $35.98 on the Toronto Stock Exchange.
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