Teck is committed to Copper Mark
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VANCOUVER, British Columbia, Nov 03, 2021 (GLOBE NEWSWIRE) – Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced its commitment to the Copper Mark , a voluntary insurance framework to promote responsible production practices and demonstrate industry commitment to the United Nations Sustainable Development Goals. Highland Valley Copper Operations is Teck’s first copper operation to register with Copper Mark with plans for each of Teck’s copper operations to be verified.
“Copper is essential for the transition to a low carbon economy and we have presented short term plans and future opportunities for significant growth in copper production in the coming years, and we are focusing on the being a responsible producer of this essential metal, ”said Don Lindsay, President and CEO, Teck. “Our participation in the Copper Mark is another way to improve transparency and ensure that customers have the information they need about our performance as a responsible copper producer.
“Copper has a critical role to play in the green transition as a key material in clean energy technologies,” said Michèle Brülhart, Executive Director of Copper Mark. “The copper brand sets a framework to verify that copper producers operate responsibly while contributing to the development of the low carbon economy. “
To earn the Copper mark, Teck’s Highland Valley Copper operations in Canada will be independently assessed and verified against 32 responsible production criteria this year. Teck is currently planning 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 insurance process in 2023.
Teck’s approach to responsible operation is underpinned by a long-term sustainability strategy that sets 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 statementsThis 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). Forward-looking statements relate to our long-term sustainability strategy, our expectations for completing the copper brand verification at the Highland Valley Copper and Carmen de Andacollo operations and the QB2 project, and our estimated timeline for the first production of 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 these forward-looking statements. The forward-looking statements contained in this press release are based on assumptions about commodity prices, general economic conditions and the performance of our business, our ability to meet our sustainability goals, as well as has no unexpected material and negative impact for the various subcontractors. , suppliers and subcontractors for the QB2 project related to COVID-19 or other that would interfere with their ability to provide goods and services as intended, among others. 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, the actual consequences of climate change, as adequate technology is not available under conditions adequate, unavailability of materials and equipment, government action or delays in receiving government approvals, industrial disruption or other professional actions, political risks, social unrest, changes in laws and government regulations or their enforcement that impact our operations or strategy, and our continued ability to successfully manage the impacts of COVID. We assume no obligation to update forward-looking statements, except as required by securities laws.
Further information regarding the risks and uncertainties associated with these forward-looking statements are available 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 the cover of Form 40-F, as well as subsequent filings under our profile.
About the copper brandThe Copper Mark is an assurance framework aimed at promoting responsible practices and demonstrating the copper industry’s contribution to the United Nations Sustainable Development Goals. The Copper Brand uses a rigorous site-level assessment process to independently verify whether individual copper production sites have responsible production practices.
The copper brand is based on a real commitment to responsible production, as we aim to mitigate the environmental and social impact of the copper industry and to contribute positively to the objectives of sustainable development and the green transition.
The Copper Mark framework involves a robust three-year reassessment process conducted by independent external auditors at the site level for participants. Participants commit to continuous improvement, building the management systems necessary to ensure continued legal compliance. To gain copper brand verification, operations must also demonstrate their efforts to obtain Free, Prior and Informed Consent (FPIC) and maintain trusting and collaborative relationships with local indigenous communities.
About TeckAs one of Canada’s leading mining companies, Teck is committed to responsible mining and mining development with major business units focused on copper, zinc and steel coal, as well as investments in energy assets. High quality copper, zinc and iron and steel coal are necessary for the transition to a low carbon world. Based in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and on the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.
Media contact:Chris Stannell Public Relations Manager [email protected]
Source: Teck Resources Ltd