Teck Commits to Copper Mark

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today announced it has committed to the Copper Mark, a voluntary assurance framework to promote responsible production practices and demonstrate the industry's commitment to the United Nations Sustainable Development Goals. Highland Valley Copper Operations is Teck's first copper operation to sign up for Copper Mark with plans for each of Teck's copper operations to be verified.

"Copper is critical for the transition to a low-carbon economy and we have outlined near-term plans and future opportunities for significant copper production growth in the years ahead, and we are focused on being a responsible producer of this essential metal," said Don Lindsay, President and CEO, Teck. "Our participation in the Copper Mark is another way we're enhancing transparency and ensuring customers have the information they need on our performance as a responsible copper producer."

"Copper has a critical role to play in the green transition as a vital material in clean energy technologies," said Michèle Brülhart, Executive Director of the Copper Mark. "The Copper Mark sets out a framework to verify that copper producers operate responsibly while contributing to the development of the low-carbon economy."

To achieve the Copper Mark, Teck's Highland Valley Copper operations in Canada will be assessed and independently verified against 32 responsible production criteria this year. Teck currently plans for its Carmen de Andacollo operations in Chile and the QB2 project in Chile, which is expected to begin production in the second half of 2022, to begin the Copper Mark assurance process in 2023.

Teck's approach to operating responsibly is underpinned by a long-term sustainability strategy which sets out goals in the areas of Health and Safety, Climate Change, Responsible Production, Our People, Water, Tailings Management, Communities and Indigenous Peoples, and Biodiversity and Reclamation. Learn more about Teck's sustainability strategy here .

Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). The forward-looking statements relate to our long-term sustainability strategy, our expectations with respect to achieving Copper Mark verification at Highland Valley Copper and Carmen de Andacollo operations and the QB2 project, and our estimated timing of first production from QB2. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this press release are based on assumptions regarding commodity prices, general economic conditions and the performance of our business, our ability to achieve our sustainability goals, as well as there being no unexpected material and negative impact to the various contractors, suppliers and subcontractors for the QB2 project relating to COVID-19 or otherwise that would impair their ability to provide goods and services as anticipated, among other matters. The foregoing list of assumptions is not exhaustive. Factors that may cause actual results to vary include, but are not limited to, changes in commodity prices or general economic conditions, actual climate-change consequences, adequate technology not being available on adequate terms, unavailability of materials and equipment, government action or delays in  the receipt of government approvals, industrial disturbances or other job action, political risk, social unrest, changes in laws and governmental regulations or enforcement thereof that impact our operations or strategy, and our continued ability to successfully manage through the impacts of COVID. We assume no obligation to update forward-looking statements except as required under securities laws.

Further information concerning risks and uncertainties associated with these forward-looking statements can be found in our annual information form for the year ended December 31, 2020, filed under our profile on SEDAR ( www.sedar.com ) and on EDGAR ( www.sec.gov ) under cover of Form 40-F, as well as subsequent filings under our profile.

About The Copper Mark
The Copper Mark is an assurance framework to promote responsible practices and demonstrate the copper industry's contribution to the United Nations Sustainable Development Goals. The Copper Mark uses a rigorous site-level assessment process to independently verify whether individual copper producing sites have responsible production practices.

The Copper Mark is built on a genuine commitment to responsible production as we aim to mitigate the environmental and social impact of the copper industry, and positively contribute to sustainable development goals and the green transition.

The Copper Mark framework involves a robust three-year re-evaluation process conducted by independent external auditors at site-level for participants. Participants commit to continual improvement, building the management systems necessary to ensure ongoing legal compliance. To achieve Copper Mark verification, operations also need to demonstrate efforts to achieve Free, Prior and Informed Consent (FPIC) and maintain trusted, collaborative relationships with local Indigenous communities.

About Teck
As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources .

Investor Contact:
Fraser Phillips
Senior Vice President, Investor Relations and Strategic Analysis
604.699.4621
fraser.phillips@teck.com

Media Contact:
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com



Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Business handshake.

Rio Tinto and Sumitomo Partner to Advance Winu Copper-Gold Project

Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) has signed a term sheet with Sumitomo Metal Mining (TSE:5713) for a joint venture to advance the Winu copper-gold project in Western Australia.

The partnership, announced on Wednesday (December 4), seeks to develop both companies’ exploration initiatives.

Sumitomo will acquire a 30 percent equity stake in the Winu project for US$399 million, including an initial payment of US$195 million and US$204 million in deferred considerations tied to project milestones and other conditions.

Keep reading...Show less
VVC Resources (TSXV:VVC)

Results of VVC Annual Shareholders’ Meeting

VVC Exploration Corporation, dba VVC Resources, (“VVC”), (TSX-V:VVC and OTCQC:VVCVF) announces the following:

Shareholders’ Meeting
The Company’s Annual General Meeting of Shareholders (“AGM”) took place virtually yesterday with 34 attendees (shareholders and guests). Total attendance in person and by proxy was 137 shareholders representing about 51.4% of the outstanding shares. At the AGM, shareholders approved the election of all Directors proposed by Management with over 90% of the tendered votes being in favor, and the re-appointment of MNP LLP as auditors of the Company with all of the tendered votes being in favor.

Keep reading...Show less
  Greentech Metals Limited

Drilling Planned for Resource Expansion at Whundo Copper Project

GreenTech Metals Ltd (ASX: GRE) (GreenTech or the Company) is pleased to announce a second stage drill program at the Whundo Cu-Zn project in the West Pilbara region, which is anticipated to commence in the coming weeks.

Keep reading...Show less
Closeup of the end of many copper cylinders of varying sizes.

Top 5 ASX Copper Stocks of 2024

Copper has performed well in recent years, and the price of copper on the COMEX and LME reached record highs in May.

While it has pulled back over the following months, there is plenty of optimism for the red metal over the longer-term.

Many market watchers are forecasting a robust outlook, especially as low supply is coming up against higher usage from sectors such as the renewable energy and electric vehicle industries. Fastmarkets is predicting that copper demand from energy transition sectors should grow at a CAGR of 10.7 percent in the decade to 2034.

Keep reading...Show less

Ero Copper Announces Updated Mineral Reserve and Resource Estimates for the Xavantina Operations

Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce an update of its National Instrument 43-101 ("NI 43-101") compliant mineral reserve and resource estimates for its Xavantina Operations, located in Mato Grosso State, Brazil. The updated mineral reserve and mineral resource estimates incorporate drilling activities and mining depletion on the properties through June 30, 2024.

HIGHLIGHTS

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Copper closeup.

Cyprium Metals Releases Nifty Copper Complex PFS, Highlights NPV of US$1.13 Billion

Cyprium Metals (ASX:CYM,OTC Pink:CYPMF) released a prefeasibility study for the Nifty copper complex on November 27, confirming the viability of large-scale copper-in-concentrate output at the site.

The company intends to refurbish and expand a brownfield concentrator and add a new surface mine. Capital costs are set at US$239 million for the refurbishing and expansion, as well as upgrading infrastructure.

The prefeasibility study also confirms the economics of producing copper cathode via the re-treatment of heap-leach pads one to six at Nifty. Capital costs are set at US$30 million, with total project costs of US$46 million.

Keep reading...Show less

Latest Press Releases

Related News

×