United Steelworkers (USW) Local 5220 and Moly-Cop AltaSteel Ltd. in Edmonton reached a tentative agreement Sunday following last-minute talks throughout the weekend to avert a strike scheduled to commence 7 a.m. Monday, May 28.
The workers have been working without a contract since the previous agreement expired July 31, 2017.
"We are pleased with the support that the membership has given the Bargaining Committee and are confident that the agreement reached is a fair resolution to the protracted bargaining and provides a path forward for the parties," said Paul Perreault, USW Local 5220 President.
Ratification meetings will be held with the membership in the near future to review the details of the new agreement with the members for their approval.
Moly-Cop AltaSteel, owned by American Industrial Partners of New York City, is a leading provider of grinding media for mines both nationally and internationally, supplying to major miners such as Highland Valley Copper, Teck, Rio Tinto, US Steel and BHP. Moly-Cop AltaSteel is also a preferred supplier of reinforcing bars primarily for the Western Canadian market.