LABOUR RELATIONS: Quadra FNX renews contract for Sudbury Operations

ONTARIO - Quadra FNX Mining of Vancouver has signed a new 36-month collective labour agreement for its mining operations in Sudbury. The agreement includes competitive wage and benefit increases through June 30, 2014. The bonus structure continues to be competitive and based on performance metrics aligned to maximize profitability and shareholder returns.

Quadra FNX president and CEO Paul Blythe commented in a news release, "The success of our labour negotiations is a reflection of our strong and collaborative relationship with Local 2020 of the United Steel Workers and the support of our employees. With the agreement in place, we will move forward with the continuing ramp up of our Morrison deposit as well as continuing value-enhancing initiatives at our McCreedy West and Podolsky mines."

Visit www.QuadraFNX.com for more information about the company's Sudbury Operations.