Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) today announced a CAD$10 million donation to the Chilean
Nature Fund (“FNC”) to support Chile’s Protected Marine Areas
program and protection of a critical global biodiversity area.
The donation supports conservation initiatives for
all Chile’s Protected Marine Program, with a focus on the Juan
Fernández Archipelago, an ecologically-significant area which has
been designated a UNESCO Biosphere Reserve and is one of the most
threatened ecosystems in the world with a high number of endemic
species located there. Funding will help FNC and the community of
Juan Fernández design and implement protection and conservation
measures in the archipelago, including the protection of rare
seabirds and unique flora and fauna not found anywhere else in the
world.
The donation coincides with the one-year
anniversary of Teck becoming the first mining company globally to
commit to a goal of becoming nature positive by 2030. This includes
working with local partners, communities and Indigenous Peoples to
conserve ecologically and culturally significant lands and
conserving or rehabilitating at least three hectares for every one
hectare affected by Teck’s mining activities.
“Helping protect these beautiful islands and their
unique ecosystem is another step forward in our commitment to
become nature positive by 2030,” said Jonathan Price, CEO, Teck.
“Biodiversity loss is an urgent global challenge that requires
partnerships between local communities, non-profits, industry and
government and we are grateful for the opportunity to help advance
protection of the Juan Fernández Archipelago.”
"We welcome Teck's commitment to become a nature
positive company by 2030 and the signing of the company's Framework
Agreement with the Chilean Nature Fund. We are convinced that it is
possible to advance a sustainable mining industry that supports the
economic development of the country and local communities while at
the same time protecting the environment,” said Marcella Hernando,
Chile Minister of Mining. “The economic support that the Chilean
Nature Fund is receiving to enable the community of Juan Fernández
to advance the protection of species and conservation of the
archipelago confirms the collective will of the public and private
sectors to address the challenges of climate change as we all have
a role to play.”
"The conservation of biodiversity challenges all of
us, opening up possibilities for social and economic transformation
and involving parties from different fields," explains Bárbara
Saavedra, President of the Board of Directors of Fondo Naturaleza
Chile. “The challenge is enormous and there are several
organizations that have come together in a broad, and inclusive
effort way for the conservation of nature,”
“The approach of the community of Juan Fernández
has been to jointly create the implementation of the Chilean Marine
Areas Program with parties who have already been working in our
territory and are aware of the challenges of its management. It is
a different approach that we acknowledge,” says the mayor of the
Municipality of Juan Fernández, Pablo Manríquez. "Our community is
the guardian of its territory and actively participates in its
management and care."
Teck Partnering to Conserve
NatureIn 2022, Teck became the first mining company to
commit to a goal of becoming nature positive by 2030.
In just one year, Teck has announced total
conservation investments to protect 51,500 hectares, which is equal
to four and half times the area of the City of Vancouver.
Click here to learn more about Teck’s nature
positive goal.
Media Downloads:
Images
Background: The Juan Fernández
Islands
- The Juan Fernández Archipelago is a set of islands located in
the South Pacific, 670 km off the coast of Chile.
- Home to a population of approximately 1,000 people, 99% of the
archipelago was declared a National Park in 1935.
- The archipelago was declared a Biosphere Reserve by UNESCO in
1977 and expanded in 2019 to help protect the large number of
endemic species (approximately 130), many of which are endangered
due to the introduction of invasive species.
- The archipelago and Biosphere Reserve includes the islands of
Robinson Crusoe, Alexander Selkirk, and Santa Clara and all the
islets in the area. Alexander Selkirk is named after an 18th
century sailor who was shipwrecked there alone for more than four
years, whose story inspired Daniel Defoe to write the novel
Robinson Crusoe.
- The archipelago and its community are a global example of how
to reconcile biodiversity conservation with sustainable use.
Forward Looking Statements This
news release contains certain forward-looking information and
forward-looking statements as defined in applicable securities laws
(collectively referred to as forward-looking statements). These
statements relate to future events or our future performance. All
statements other than statements of historical fact are
forward-looking statements. The use of any of the words “will”,
“intend”, “expect”, and similar expressions is intended to identify
forward-looking statements. 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. These statements
speak only as of the date of this news release.
These forward-looking statements include, but are
not limited to, statements relating to: the expected use and impact
of the donation; our goal to become a nature positive company by
2030 and the actions we intend to take to achieve this goal,
including our intention to conserve or rehabilitate at least three
hectares for every one hectare affected by mining activities.
Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the
forward-looking statements contained in this news release. Such
statements are based on a number of estimates, projections, beliefs
and assumptions which are inherently uncertain and difficult to
predict and may prove to be incorrect, including but not limited to
expectations and assumptions concerning: the availability of land
or other opportunities for conservation, rehabilitation, or
capacity building in appropriate locations on commercially
reasonable terms and the ability to obtain any required external
approvals or consensus for such opportunities; our ability to
achieve our nature positive and biodiversity goals and the longer
term impacts of those goals and strategies on our business;
environmental compliance costs generally; and assumptions regarding
the development of our business generally and general economic
conditions. Factors that may cause actual results to vary include,
but are not limited to, actual biodiversity consequences;
unavailability of land or other opportunities for conservation,
rehabilitation or capacity building on commercially reasonable
terms or inability to obtain any required external approvals or
consensus for such opportunities; changes in laws and governmental
regulations or enforcement thereof that impact our operations,
goals or strategy and changes in commodity price, costs or general
economic conditions.
We caution you that the foregoing list of important
factors and assumptions is not exhaustive. Other events or
circumstances could cause our actual results to differ materially
from those estimated or projected and expressed in, or implied by,
our forward-looking statements. Inherent in forward-looking
statements are risks and uncertainties beyond our ability to
predict or control. Further information concerning risks,
assumptions and uncertainties associated with these forward-looking
statements and our business can be found in our most recent Annual
Information Form 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 that can also be found under our profile. We
assume no obligation to update forward-looking statements except as
required under securities laws.
About TeckAs 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. 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.
About the Chilean Nature FundFondo
Naturaleza Chile is a foundation that aims to mobilize and manage
resources for the effective management of large-scale nature
conservation in Chile, activating new sources of funding to
complement the financial efforts of the State to support the
fulfillment of national and international conservation and climate
action goals, strengthening the management of natural heritage in
the different territories of Chile. One of its lines of work is the
Marine Protected Areas Program, whose challenge is to contribute to
the effective conservation of the fifth largest Marine Areas System
in the world. https://www.fondonaturaleza.org/
Teck Media Contact:Chris
StannellPublic Relations
Manager604.699.4368chris.stannell@teck.com
Teck Investor Contact:Fraser
PhillipsSenior Vice President, Investor Relations and Strategic
Analysis604.699.4621fraser.phillips@teck.com
Chilean Nature Fund Media
Contact:María José Hessmhess@fondonaturaleza.org
Teck Resources (TSX:TECK.A)
Historical Stock Chart
From Jun 2024 to Jul 2024
Teck Resources (TSX:TECK.A)
Historical Stock Chart
From Jul 2023 to Jul 2024