Trail Operations is First Smelting & Refining Facility Globally to Achieve Zinc Mark Verification
23 June 2023 - 6:26AM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) announced today that Teck’s Trail Operations has been
awarded the Zinc Mark.
Teck’s Trail Operations is the first stand-alone zinc processing
site globally to receive the Zinc Mark. This was achieved using the
Copper Mark’s multi-metals approach and assurance framework. To
achieve the Zinc Mark, Teck’s Trail Operations was assessed and
independently verified against 32 responsible production criteria
including greenhouse gas emissions, community health and safety,
respect for Indigenous rights and business integrity.
“Zinc has a crucial role to play in global efforts to
decarbonize as its primary use in galvanizing steel extends the
life of essential infrastructure and clean tech like renewable
power and electric vehicles,” said Jonathan Price, CEO, Teck. “It
is important to produce zinc sustainably and responsibly, and we’re
proud that Trail Operations has been awarded the Zinc Mark.”
The Copper Mark multi-metals approach includes the Zinc Mark as
well as Molybdenum Mark and Nickel Mark. Producers of these metals
are able to use the Copper Mark assurance framework to achieve
their respective “Mark”. The Copper Mark assurance framework aims
to promote responsible production practices and demonstrate the
industry commitment to the United Nations Sustainable Development
Goals.
“We’re delighted that Teck has become the first stand-alone zinc
processing site to receive the Zinc Mark. The Copper Mark’s
multi-metals approach was developed with the ambition of making
more responsibly sourced zinc, molybdenum and nickel available to
society. Today’s award testifies to Teck’s commitment to this
vision. We are looking forward to continuing our collaboration with
Teck to promote sustainable and responsible practices across the
zinc value chain,” said Michèle Brülhart, Executive Director of the
Copper Mark.
“Since its inception less than six months ago the Zinc Mark has
realized clear routes for industry to demonstrate responsibility
under a single ESG framework. We applaud Teck for achieving the
Zinc Mark, which helps enable responsible sourcing of raw materials
used in the green transition,” said Andrew Green, International
Zinc Association Executive Director.
Teck’s approach to operating responsibly is underpinned by a
long-term sustainability strategy that 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.
Teck is one of the world’s largest producers of mined zinc, and
Teck’s Trail Operations is one of the world’s largest fully
integrated zinc and lead smelting and refining facilities. Teck’s
Trail Operations has an extremely low carbon intensity for its
product as outlined in a recent report . Teck’s Red Dog Operations
is one of the world's largest zinc mines and the largest critical
mineral operation in the USA.
This verification by Trail Operations follows Teck’s Highland
Valley Copper Operations achieving Canada’s First Copper Mark
Verification in 2022.
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). The forward-looking statements relate to our
expectations with respect to responsible zinc production, our
expectations with respect to maintaining Zinc Mark verification,
and our expectations with respect to our long-term sustainability
strategy.
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 and maintain Zinc Mark
certification. 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,
and changes in laws and governmental regulations or enforcement
thereof that impact our operations or strategy. 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 MarkThe Copper Mark is an
assurance framework to promote responsible practices and
demonstrate the transition minerals 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, nickel, zinc and/or molybdenum producing
sites have responsible production practices. Over 25% of globally
mined copper is currently produced by Copper Mark-assured
sites.
The Copper Mark was built on a genuine
commitment of the copper industry to responsible production, and
the framework has since expanded to allow participation by nickel,
zinc and molybdenum producers. The Copper Mark framework involves a
robust three-year re-evaluation process at site-level for
participants. Participants commit to continual improvement,
building the management systems necessary to ensure ongoing legal
compliance. https://coppermark.org/
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.
Investor Contact:Fraser PhillipsSenior Vice
President, Investor Relations and Strategic
Analysis604.699.4621fraser.phillips@teck.com
Media Contact:Chris StannellPublic Relations
Manager604.699.4368chris.stannell@teck.com
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