-(1)-Reinhausen-(1).jpg?lang=en-US&ext=.jpg)
Cliffs Reaches Labor Agreement at Pinnacle and Oak Grove Mines
09/02/2011 - Cliffs Natural Resources has concluded local issue bargaining with the United Mine Workers on a new five-and-a-half year labor contract at Cliffs' Pinnacle and Oak Grove mines in West Virginia and Alabama.
Cliffs Natural Resources Inc. reports that the company has concluded its local issue bargaining with the United Mine Workers (UMW), on a new five-and-a-half year labor contract at Cliffs' Pinnacle and Oak Grove mines in West Virginia and Alabama, respectively. The contract will cover approximately 800 UMW workers.
"We are pleased to reach a new labor contract that is fair and equitable to both parties,” said David Webb, Cliffs' Senior Vice President, Global Coal. “Our most valuable resources are our employees, and we look forward to continuing our partnership with the UMW, which provides a solid platform for future achievement in our North American Coal business."
Cliffs indicated that the agreement is essentially identical to an agreement reached by the Bituminous Coal Operators' Association (BCOA) and the UMW earlier this year.
The final agreement was reached on Aug. 31, 2011 with a term effective July 1, 2011 through Dec. 1, 2016.
Cliffs Natural Resources, an international mining and natural resources company, is a major global iron ore producer and a significant producer of high- and low-volatile metallurgical coal. Cliffs' strategy is to continually achieve greater scale and diversification in the mining industry through a focus on serving the world's largest and fastest growing steel markets.
The company is organized through a global commercial group responsible for sales and delivery of Cliffs products and a global operations group responsible for the production of the minerals the company markets. Cliffs operates iron ore and coal mines in North America and two iron ore mining complexes in Western Australia. The company also has a 45% economic interest in a coking and thermal coal mine in Queensland, Australia, as well as a major chromite project, in the pre-feasibility stage of development, located in Ontario, Canada.
