VANCOUVER, British Columbia, March 16, 2023 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that Teck Trail Operations has acquired the Zinc Mark committed. The Zinc Mark is part of Copper Mark’s multi-metal approach using the Copper Mark Assurance Framework, a framework that aims to promote responsible manufacturing practices and demonstrate the industry’s commitment to the United Nations Sustainable Development Goals.
“Zinc plays a crucial role in the transition to a low-carbon economy. Used to store renewable energy, it galvanizes the steel needed in everything from transmission lines to wind turbines, making clean infrastructure last longer — and therefore more sustainable,” said Jonathan Price, CEO of Teck. “Participating in the Zinc Mark is part of our ongoing work to ensure responsible zinc production for our customers and local communities.”
Copper Mark Executive Director Michèle Brülhart said, “We are delighted that our long-term partner Teck has committed its Teck Trail Operations to participate in the implementation of Zinc Mark. Teck Trail Operations’ participation, following the participation of their Highland Valley Copper Operations in the Copper Mark, demonstrates the strong ties between the various metals covered by the Copper Mark and the efficiencies that can be delivered with a single assurance framework. “
Andrew Green, Executive Director of the International Zinc Association (IZA), said: “IZA is proud that Zinc Mark is entering the market. With the Zinc Mark, a full ESG safety framework is available to all zinc producers around the world to demonstrate their commitment to responsible zinc production and the United Nations Sustainable Development Goals.”
Teck is one of the world’s largest producers of mined zinc and Teck Trail Operations is one of the world’s largest fully integrated zinc and lead smelting and refining operations.
To achieve the Zinc Mark, Teck’s Trail Operations was assessed and independently verified this year against 32 responsible production criteria.
This commitment from Trail Operations follows Teck’s Highland Valley Copper Operations achieves Canada’s first Copper Mark Verification in 2022.
About the copper mark
The Copper Mark is a security framework designed 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 that individual sites producing copper, nickel, zinc and/or molybdenum have responsible production practices. Over 20% of the world’s copper is currently produced at Copper Mark sites.
The Copper Mark is based on a genuine commitment by the copper industry to responsible production and the framework has since been expanded to allow nickel, zinc and molybdenum producers to participate. The Copper Mark framework includes a robust three-year site-level re-evaluation process for participants. Participants commit to continuous improvement and build the management systems needed to ensure ongoing regulatory compliance.
The multi-metal approach of the copper brand includes the zinc brand as well as the molybdenum brand and the nickel brand. Producers of these metals can use the Copper Mark Assurance Framework to achieve their respective “Mark”.
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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 within the meaning of the Securities Act (Ontario). The forward-looking statements relate to our expectations of Trail Operations achieving Zinc Mark certification and responsible zinc production.
These statements involve known and unknown risks, uncertainties and other factors that could 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 our company’s performance, our ability to achieve our sustainability goals and Zinc Mark certification. The foregoing list of assumptions is not exhaustive. Factors that could cause actual results to differ include, but are not limited to, changes in commodity prices or general economic conditions, the actual impact of climate change, the unavailability of adequate technology on reasonable terms, the unavailability of materials and equipment, governmental actions or delays in obtaining governmental permits, industrial disturbances or other labor actions and changes in laws and government regulations or their enforcement affecting our operations or strategy. We assume no obligation to update any forward-looking statement, except as required by securities laws.
For more information about risks and uncertainties related to these forward-looking statements, please see our Annual Information Form for the year ended December 31, 2020, which is available under our profile on SEDAR (www.sedar.com) and on EDGAR (www.sec.gov ) under the cover of the Form 40-F and later filings under our profile.
As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with core businesses focused on copper, zinc and coal for steel making. Copper, zinc and high quality steel carbon are needed 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 on the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.
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Source : finance.yahoo.com