Vale and striking workers reach tentative agreement

Reports out of Toronto indicate that the United Steelworkers and Brazilian mining giant Vale have reached a tentative agreement to end a year-long strike.

Vale issued the following statement:

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TORONTO - Vale announced today that it has reached tentative agreement on a new five-year contract with the United Steelworkers (USW) Local 6500 and 6200 representing production and maintenance employees at the Company's operations in Sudbury and Port Colborne, Ontario.

These settlements were reached with the assistance of mediators Kevin Burkett and Reg Pearson.

Comprehensive memorandums of agreement will be signed between Vale and the USW in Sudbury and Port Colborne on Monday, July 5.

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