Tag Archives: Teck Resources

Canadian Malartic exploration team among PDAC 2025 award winners

Mineral exploration, Mining events, Sustainable mining, , , ,

The Prospectors & Developers Association of Canada (PDAC) has announced the recipients of its 2025 PDAC Awards.

Since the awards were established in 1977, they have been a symbol of excellence, recognising individuals, teams and organisations that have made significant contributions to the global mining industry.

“The 2025 award recipients embody the expertise, passion and drive that define excellence in mineral exploration and development,” Raymond Goldie, PDAC President, said. “Their remarkable accomplishments demonstrate the crucial role of innovation, resourcefulness and leadership in uncovering the minerals that power our modern world.”

Recipients will be celebrated during the PDAC 2025 Convention at the Awards Gala & Nite Cap on March 4, 2025, at the Fairmont Royal York Hotel in Toronto.

2025 PDAC Award recipients
Bill Dennis Award: A Canadian discovery or prospecting success
Canadian Malartic Exploration Team – for the discovery of the East Gouldie deposit in Malartic, Quebec.

Skookum Jim Award: Indigenous achievement in the mineral industry
David Kritterdlik – For groundbreaking work promoting Inuit values, cultural preservation and sustainable development.

Sustainability Award: For outstanding leadership in environmental protection and/or good community relations.
Teck Resources and UN Women: Originarias Program – For its transformative impact on Indigenous women in Chile.

Thayer Lindsley Award: For an international mineral discovery
The Onto Discovery Team – For the discovery of the Onto deposit in Indonesia.

Viola R. MacMillan Award: For company or mine development
John Robins – For lifetime leadership and significant contributions to the mining and exploration industry.

PDAC’s Board of Directors select Award Recipients based on recommendations of the association’s Awards Committee.

The Prospectors & Developers Association of Canada (PDAC) is the leading voice of the mineral exploration and development community, an industry that employs more than 664,000 individuals. Currently representing over 7,800 members around the world, PDAC’s work centres on supporting a competitive, responsible, and sustainable mineral sector.

PDAC 2025, its 93rd annual convention, will take place in person in Toronto, Canada, from March 2-5. International Mining is a media sponsor of the event

Planning for Closure

Mining with an eye on closure

Environmental, Mining events, Sustainable mining, , , , , , ,

Mine closure is a process now considered from the outset of a mining project, with operators only receiving their so-called ‘social licence to operate’ when a well-considered and understandable end of life plan is outlined.

Ahead of Planning for Closure 2024, taking place in Santiago, Chile, from May 8-10, IM heard from Bjorn Weeks, Chair of the event and Teck Resources’ Senior Advisor for Mine Closure, on the big issues being considered by industry.

Q: What can you tell us about Teck’s plans and approach regarding planned mine closures and the challenges and opportunities these imply for the company?

A: Teck is committed to sustainable and responsible mining, and mine closure is an essential part of this. Effective mine closure has allowed us to demonstrate in a concrete way that we follow through on our sustainability commitments. We also recognise that the best outcomes for closure are rooted in early planning. Good planning requires having the right people focused on developing, revising and implementing closure plans.

As a proudly Canada-based, global producer of the critical metals and minerals needed for the transition to a net-zero future, we have a long history of responsible resource development and we have an advantage in that we can draw on our experiences from the mines that we have responsibly closed successfully in the past.

The practice of mine closure is evolving throughout the industry, and Teck’s practice is evolving with it. We are constantly looking at best industry practices, such as those outlined by the ICMM, and making sure we incorporate them in our standards, procedures and guidelines in a meaningful way.

Q: Regarding the process of mine closure, what could you tell us about your approach to the rehabilitation of the land, the associated costs and work with the communities?

A: The importance of effective rehabilitation of the land has increased over the years, and what would be seen as the standard for satisfactory rehabilitation has evolved. In the not-so-distant past, achieving a reasonable degree of chemical and physical stability would be considered exemplary rehabilitation. However, in modern practice, the goals now go further – can we mine in a way that minimises the disruption to nature and biodiversity? Can we conduct closure in a way that speeds the restoration of ecosystems, potentially incorporating progressive closure? And, if we do those things, how does that fit with the desires and needs of the surrounding communities? Both as those communities are today, and as they will exist in the future – during and after closure. These are challenging questions that require the investment of time and resources to address. But I don’t think there is an alternative if the industry it to gain and maintain the trust of the society that we ultimately serve.

Q: How do you assess the progress that the mining industry is making in terms of planning for the closure of mining operations in recent years?

A: The industry continues to make remarkable progress in terms of planning for closure, with the state of practice in mine closure evolving dramatically across the globe. There are now many sites that have undergone what I would call a “modern” closure, which fully incorporate chemical and physical stability as well as – in some cases – addressing biodiversity and a well-managed social transition, with excellent results and many lessons learned about which technologies work, and which do not.

Bjorn Weeks, Senior Advisor, Mine Closure, Teck Resources, and Planning For Closure 2024 Chair

As we get better at addressing the fundamental challenges associated with promoting the long-term chemical and physical stability of our closed sites, industry attention is now turning to better addressing other challenges. The social component of closure is increasingly a focus – how do we incorporate community desires in our closure plans? How do we ease the economic transition for communities that have depended on the benefits of mining during operations? At Teck, we engage early with communities and Indigenous Peoples to ensure they are involved in closure and end land use planning.

In recent years we have also seen planning for closure take on the challenges of impacts to biodiversity and nature. How can we close mines in a way that supports nature, and even has the potential to enhance biodiversity? Remarkable research has been done and significant advances have been made in this area, and I think that it is through successful closures that incorporate these concepts that the industry will be able to demonstrate to the world that sustainable mining is not only possible but practical.

At the same time, we know that nature loss is a critical global challenge that requires a coordinated global effort to tackle, and Teck is taking action now. We are working to support a nature positive future by 2030. This includes investing significantly in innovation to reduce our impacts and conserving and reclaiming at least three hectares for every one hectare we affect through mining. We are accelerating the pace of reclamation for our own sites and working with local communities and Indigenous Peoples to protect nature in accordance with their priorities. We’ve conserved or restored a total of 51,900 hectares since we launched our Nature Positive goal in 2022.

4. How does Planning for Closure 2024 help mining companies (as well as other stakeholders) to continue to make progress in improving the different areas involved in mine closure?

A: The tremendous rate of advance in mine closure practice has been made possible by the willingness of practitioners to share information. Absolutely nothing can replace the power of a conference to bring together people who have different levels of experience and different backgrounds to learn from each other. I have had the privilege to attend Planning for Closure since its inaugural edition in 2016, and I think it provides an important forum for both the formal and informal sharing of knowledge. At this conference we see seasoned industry veterans mixing with people who are just beginning their careers, and we see mining industry executives freely interchanging experiences with consultants and stakeholders.

Planning for Closure 2024 occupies a unique space – Latin America in general, and Chile in particular, is home to some of the largest and most important mines in the world including Teck’s newly expanded Quebrada Blanca operation, and the challenges in planning for and executing those closures are huge. In that context, it is incredibly important to have a conference like this one that is international in reach, and can draw on the full range of global experience, while still providing enough of a local focus to speak to the real challenges facing practitioners here.

For mining companies like Teck, this conference is an opportunity to both to contribute to advancing the dialogue about mine closure, and to the development of the professionals we need as an industry.

The Planning for Closure 2024 event is a forum where executives, professionals and academics can learn and analyse strategies and tools that allow the integration of mining planning from the initial stage of a project and throughout the life of a mine. Find out more about the event here

Elkview

Teck to exit steelmaking coal business with Glencore, Nippon Steel deals

Coal technology, Mining mergers and acquisitions, Steel and iron ore, , , , , , , , ,

Teck Resources has agreed to sell its entire interest in its steelmaking coal business, Elk Valley Resources (EVR), through a sale of a majority stake to Glencore for an implied enterprise value of $9.0 billion, and a sale of a minority stake to Nippon Steel Corporation (NSC).

The sale of Teck’s steelmaking coal business at the implied enterprise value of $9 billion on a 100% basis achieves a simple and complete separation of steelmaking coal from base metals.

Glencore has agreed to acquire 77% of EVR for $6.9 billion in cash, payable to Teck at closing of the Glencore transaction, subject to customary closing adjustments.

NSC has agreed to acquire a 20% interest in EVR in exchange for its current 2.5% interest in Elkview Operations plus $1.3 billion in cash payable to Teck at closing of the NSC transaction and $400 million paid out of cash flows from EVR. NSC will also enter into a long-term steelmaking coal offtake rights arrangement at market terms, continuing NSC’s long-standing commercial arrangement for the purchase of steelmaking coal from the Elk Valley.

POSCO has advised Teck it intends to exchange its current 2.5% interest in Elkview Operations and its 20% interest in the Greenhills joint venture, for a 3% interest in EVR. At closing of the Glencore transaction, Glencore will acquire from Teck any remaining receivable payable to Teck by EVR.

Teck will continue to operate the steelmaking coal business and will retain all cash flows from EVR until closing of the Glencore transaction, estimated to be $1 billion. Following the closing of that transaction, Teck will have no further financial interest in EVR.

Key historical information on EVR, as reported by Teck, is outlined below:

  • Production of steelmaking coal of 21.5 Mt in 2022 and 17.3 Mt year to date to September 30, 2023;
  • EBITDA of C$7.4 billion ($5.4 billion) in 2022 and C$3.7 billion year to date to September 30, 2023;
  • Profit before tax of C$6 billion in 2022 and C$3.1 billion year to date to September 30, 2023; and
  • Gross assets as at September 30, 2023 of C$18.5 billion.

Jonathan Price, President and CEO, Teck, said: “This transaction will be a catalyst to re-focus Teck as a Canadian-based critical minerals champion with an extensive portfolio of copper growth projects, unlocking the full value potential of the company. This sale will ensure Teck is well-capitalised and able to realise value from our base metals business and deliver strong returns to our shareholders while maintaining a robust balance sheet. Glencore has made strong commitments that will create new benefits for Canada and the Elk Valley and ensure responsible stewardship of the steelmaking coal operations for the long term.”

Gary Nagle, CEO of Glencore, said: “We are pleased to have reached agreement to acquire Teck’s steelmaking coal operations in the Elk Valley. These world-class assets and the experienced people that operate them are expected to meaningfully complement our existing thermal and steelmaking coal production located in Australia, Colombia and South Africa. Glencore has high regard for the business that has been developed over many decades in British Columbia and looks forward to maintaining and enhancing its operational performance, environmental stewardship and social contribution.

“We are dedicated to working with all governing bodies and stakeholders to ensure that the transaction is of benefit to Canada, which includes a commitment from Glencore regarding employment, engaging in further reclamation efforts and to engage constructively and meaningfully with the Indigenous Nations in the Elk Valley. This transaction also deepens our longstanding commitment to Canada, supporting our position as one of the largest diversified miners and suppliers of critical minerals in Canada, in one of the world’s leading mining jurisdictions.”

Closing of the Glencore transaction is subject to customary conditions, including receipt of approvals under the Investment Canada Act and competition approvals in several jurisdictions, and is expected to occur in the third quarter of 2024. The NSC transaction is also subject to customary conditions, including receipt of certain competition approvals, and is expected to close in the first quarter of 2024. These transactions are not inter-conditional.

Resourcing Tomorrow

Major miners join Resourcing Tomorrow lineup

Energy minerals, Environmental, Mining events, , , , , , , , , , , , , , , ,

Representatives from the world’s largest mining companies Anglo American, BHP, Glencore, Rio Tinto and Vale have confirmed their attendance for this year’s Resourcing Tomorrow event, in London, event organisers say.

These attendees will join other leading mining companies including AngloGold Ashanti, Antofagasta Minerals, Barrick, B2 Gold, Eldorado Gold, Endeavour Mining, Freeport-McMoRan, Newmont, Sibanye-Stillwater and Teck Resources.

As Europe’s largest mining event, Resourcing Tomorrow: Accelerating the Energy Transition takes place in London on November 28-30 and is poised to be yet another agenda-setting edition for the industry, fostering collaboration and knowledge exchange among professionals in the field, event organisers say.

Resourcing Tomorrow unites all stakeholders in the mining industry, including global mining and energy companies, investors, government delegations, researchers, educators, regulators, suppliers and operators. The conference program will provide 100-plus sessions in which all of the aforementioned miners will participate, giving attendees the opportunity to engage and network with leaders and industry specialists from around the world.

The event will draw participants from more than 100 countries, including Australia, USA, UK, Canada, India, Brazil, South Africa, Ghana, Chile, Nigeria, Peru and Germany, demonstrating its international appeal and the global significance of the mining industry, organisers say.

With the increasing pace of change and emerging technologies in the mining industry, Resourcing Tomorrow will focus on the future of our industry and presents a unique opportunity for international representatives of the world’s leading resource economies to meet, find new partners, discuss current challenges, and share the latest research, technology and best practice.

International Mining is a media sponsor of Resourcing Tomorrow.

First of its kind Net Zero Standard devised for diversified mining sector

Environmental, Mining services, Sustainable mining, , , , , , , , ,

Climate Action 100+, which calls itself the world’s largest investor engagement initiative on climate change, has released a first of its kind “Net Zero Standard” for diversified mining companies such as Anglo American, BHP, Glencore, Rio Tinto, South32, Teck Resources and Vale.

The new standard aims to help investors assess the progress of diversified mining companies as they move towards net zero, providing them with robust tools to independently and consistently assess these companies’ transition plans, in order to understand their transition risk and support their engagement efforts.

Designed to complement the sector-neutral Climate Action 100+ Net Zero Company Benchmark, the standard will provide a transparent, systematic and evidence-backed engagement tool, giving Climate Action 100+ signatories and the wider investor landscape the metrics most specific to this important, but complex, sector, the organisation says.

“The Net Zero Standard for Diversified Mining reflects the outcome of extensive consultation with investors, mining companies themselves and other key stakeholders,” it said, adding that a final consultation on a draft of the standard was conducted in the June quarter before the final release.

As part of this development, the organisation has devised a set of metrics that diversified mining companies engaged with under Climate Action 100+ will be assessed against, and the scoring methodology that will be used. These metrics are additional to the Climate Action 100+ Net Zero Company Benchmark.

Additionally, a document called Investor Expectations for Diversified Mining has been published that, the organisation says, fleshes out the standard with background and rationale behind the metrics found in the standard itself.

The metrics laid out in both documents will now be piloted by assessing selected miners with the objective of testing their practicality. Feedback from these pilots will be used to further refine the metrics into a final list, with which it is expected public assessments will be made. These assessment results (as well as the narrative and context provided in the Investor Expectations) will bring impactful insights to engagement conversations, the organisation says.

The list of Climate Action 100+ companies that will be assessed with the standard include Anglo American, ANTAM, BHP, Glencore, Grupo México, Rio Tinto, South32, Teck Resources, Vale, Vedanta.

Rebecca Mikula-Wright, Chief Executive Officer, Investor Group on Climate Change, says: “The world’s leading miners are already shifting their businesses to help the world decarbonise, but some are just making claims that aren’t backed by reality. This new standard will help investors and governments separate the greenwashers from the companies that will have sustainable businesses in a net zero world.”

Laura Hillis, Church of England Pensions Board, added: “Investors often have exposure not only to the mining sector, but to many other sectors that are underpinned and enabled by mining. For example, the autos, property, steel and manufacturing sectors are highly dependent on the commodities produced by miners. By focusing on the strategic role of mining in the net zero transition, we can boost the resilience of our overall portfolio. This standard provides an ambitious but credible framework for investors and mining companies to ensure this critical sector supports a just and orderly transition to net-zero, and it raises the bar at a crucial time in this essential global economic transformation.”

IMDEX joins Australian Automation and Robotics Precinct, plans for Dirt Lab

Automation, Explosives and blasting, Mining equipment, Mining safety, , , , , ,

IMDEX says it has become a major industry partner of the new Australian Automation and Robotics Precinct in Perth, Western Australia.

The partnership with the state government-owned precinct will allow IMDEX to accelerate testing and demonstration of technology including its BLAST DOG™ at a site close to its Balcatta headquarters

IMDEX BLAST DOG is a commodity-agnostic blasthole sensing and physical measurement technology that provides near real-time blasthole physicals and orebody knowledge, and a 3D view into the bench.

The 51 ha automation and robotics precinct 40 km north of the Perth Central Business District was purpose-built for testing, research and development, and training in autonomous, remote operations, and robotic systems and equipment.

Launched in October 2021, the Australian Automation and Robotics Precinct currently provides extensive test beds, freehold lots and an onsite office for industry use. It is being developed into a facility for innovation, with a state-of-the-art Common User Facility operation building, research and development facilities such as laboratories and design co-labs, and advanced test beds with multiple areas and roadways for physical testing.

IMDEX has signed on as an industry partner for an initial period of two years and will build and maintain a common user drill pad as a critical part of a 22 ha Dirt Lab, which will enable various commercial and collaborative opportunities as an innovation mine test and development site.

IMDEX Chief Executive Officer, Paul House (pictured on the right with IMDEX Chief Strategy Officer, Michelle Carey (centre) and Stuart Nahajski, DevelopmentWA General Manager Regional (left)), said having a purpose-built, robotics research and development site so close to the company’s headquarters was ideal.

“While we operate globally and have an unrivalled presence on all major mining operations, Western Australia is home to some of the world’s major mining companies so having the opportunity to develop and promote our technology locally is an additional benefit,” House said.

“BLAST DOG won’t be the only technology we will test at the site. We have plans for testing a range of IMDEX tools and technology developed by our research and development team.”

IMDEX has recently signed deals with two tier-one mining companies for further commercial testing of BLAST DOG.

The company achieved its first commercial contract with BLAST DOG in August 2022, at Iron Bridge in the Pilbara region of Western Australia, with the agreement providing for the staged use of up to three units together with associated products, software, data analysis, reporting and support.

Six commercial prototype trials were planned for the 2023 financial year under the first phase of BLAST DOG development.

BLAST DOG has been developed in collaboration with Universal Field Robots and IMDEX industry partners Teck Resources and Anglo American.

Teck to deploy first electric tug boats in Canada at Neptune Terminal

Environmental, Mine operation news, Mining services, Sustainable mining, , , , , , , , , , ,

Teck Resources has announced an agreement to deploy two electric tug boats at the Neptune Terminal in Vancouver, British Columbia, in support of Teck’s climate goals.

This marks the first electric tugs operating in Canada as a full tugboat package for harbour assist and tug services, according to Teck.

Under the agreement, SAAM will furnish two ElectRA 2300 SX tugs commencing operation during the second half of 2023, which are expected to eliminate over 2,400 t/y of greenhouse gas emissions. In addition to emissions reductions, using electric tugs will also reduce underwater noise, benefitting marine life in the harbour.

“Working with SAAM Towage to further reduce the greenhouse gas emissions associated with transportation of our products is another step forward in achieving our climate goals and contributing to global climate action,” Jonathan Price, CEO of Teck, said. “Collaborating with transportation providers to develop green transportation corridors is part of our climate action strategy and supports our goal of net zero emissions by 2050.”

Sander Bikkers, President, SAAM Towage Canada, added: “With Teck and Neptune Terminals, SAAM Towage has found value aligned partners who want to drive sustainable environmental change through innovation. This partnership is based on a shared commitment to do our part to address the global challenge of climate change by reducing our carbon footprint.”

The ElectRA Tugs are designed by Vancouver-based Robert Allan Ltd and will be built at Sanmar Shipyards in Turkey.

Neptune is owned by Canpotex Bulk Terminals Limited, a Canpotex affiliate, and Teck Coal Partnership, a subsidiary of Teck Resources.

This announcement builds on Teck’s progress to work with partners to reduce emissions across its supply chain and achieve a 40% reduction in shipping emission intensity by 2030.

Teck previously announced an agreement with Oldendorff Carriers to employ energy-efficient bulk carriers for shipments of Teck steelmaking coal from the Port of Vancouver, reducing 45,000 t/y of CO2, equivalent to removing nearly 10,000 passenger vehicles from the road, according to the company.

Teck has also announced a pilot of a fully electric on-highway transport truck to haul copper concentrate between Teck’s Highland Valley Copper Operations in south-central BC and a rail loading facility in Ashcroft, BC.

Teck’s climate action strategy also includes goals to reduce carbon intensity across operations by 33% by 2030 and be a net-zero operator by 2050.

MineSense continues growth trajectory with new South America HQ in Chile

Automation, Base metals, Comminution of minerals, Environmental, IoT, Mining equipment, Mining services, Mining software, Sustainable mining, Water management, , , , , , , , , , , ,

MineSense Technologies officially opened its regional headquarters and service centre for South America in Santiago, Chile, this week, in another move to capture growth across one of the world’s key mining hubs.

Attended by senior executives and a MineSense workforce of over 50 hired so far in Chile and Peru, the ceremony celebrated the opening of a 3,000 sq.m facility in an industrial park in the Pudahuel district.

The headquarters includes corporate offices and a manufacturing area that increases service and production capacity to supply ShovelSense technology to meet South American and global demand, the company said.

Jeff More, President and CEO (pictured on stage), was on hand to cut the ribbon. He was joined by Victor Aguilera, member of the Board of Directors of MineSense Technologies Ltd and General Director of Aurus Investments; Claudio Toro-Salazar, Executive Vice President, Business Development; and Monica Feregrino, VP Operations.

MineSense, through the deployment of its ShovelSense solution, has been gaining ground in the bulk ore sorting space across South America.

Earlier this year, it deployed a second shovel-based unit at Teck Resources’ Carmen de Andacollo mine, in Chile. This followed an earlier successful trial at the operation.

It has also recently gone live with a deployment at Antamina, Peru’s largest mine, and has been trialling the XRF-based technology at Hudbay Minerals’ Constancia mine, also in Peru.

The ShovelSense system, through a sophisticated suite of sensors and algorithms, improves orebody visibility bucket by bucket in real time during the loading process, according to the company. Trucks are then automatically diverted to the correct location, increasing value and revenue realised during the mining process. The technology also creates reductions of CO2 emissions per tonne of ore produced, consumption of processing chemicals and reagents, energy and water, while maximising metal recovery, MineSense says.

To support mine site operations and their ore decision making, MineSense also provides 24/7 data room technical support for continuous monitoring of all elements of system performance.

Teck forms 50:50 jv with Polymet as it targets production from Minnesota’s Iron Range

Base metals, Energy minerals, Mineral project development, Mining mergers and acquisitions, Precious metals, , , , , ,

Teck Resources has announced an agreement with PolyMet Mining Corp to form a 50:50 joint venture to advance PolyMet’s NorthMet Project and Teck’s Mesaba mineral deposit, both located in the Iron Range of Minnesota, USA.

The joint venture will be named NewRange Copper Nickel LLC, with Glencore plc retaining its majority equity interest in PolyMet and providing financial support for its share of the funding commitment to the joint venture.

“The NewRange Copper Nickel joint venture brings together two large, well defined mineral resources in the established Iron Range mining region of Minnesota,” Don Lindsay, President and CEO of Teck, said. “This agreement will help unlock a new domestic supply of critical metals for the low-carbon transition through responsible mining.”

Closing of the transaction will be subject to customary closing conditions, including receipt of all required regulatory approvals.

The NorthMet project is near both existing and closed iron ore mines and utilises existing brownfield tailings storage and plant locations to minimise environmental impact. NorthMet is expected to produce 29,000 t/d of over a 20-year permitted mine life, with first production targeted for 2026. Over its first full five years of operations, NorthMet is expected to deliver annual payable production of 30,000 t of copper, 3,600 t of nickel, 58,000 oz of palladium, and 12,000 oz of platinum.

Earlier this year, the Minnesota Court of Appeals affirmed nearly all aspects of the water discharge permit for the NorthMet project, overruling six of the seven challenges to the permit made by mining opponents and paving the way for the “reactivation” of this key permit, PolyMet Mining Corp Chairman, President and CEO, Jon Cherry, said at the time.

The Mesaba mineral deposit, in the Duluth Complex near the NorthMet project, contains one of the world’s largest undeveloped copper-nickel resources, according to Teck. While further studies and community consultations are required to fully define the long-term development potential, Mesaba represents a strategic metal resource for North America, it added.

Teck Resources looks to become ‘nature positive’ by 2030

Base metals, Environmental, Sustainable mining, , , , ,

Teck Resources Limited is setting a goal to become a “nature positive” company by 2030, including through conserving or rehabilitating at least three hectares for every one hectare affected by its mining activities.

Teck says it is taking immediate action towards achieving this ambitious goal through land conservation investments that will protect 14,000 ha of wildlife habitat and ecosystems in Canada and Chile. This is equivalent to over 40% of its current mining footprint and equal to 40 Central Parks in New York.

“We are committed to working with local partners, communities and Indigenous Peoples to conserve ecologically and culturally significant lands and work towards the goal of becoming a nature positive mining company by 2030,” Don Lindsay, President and CEO of Teck, said. “Nature loss is a serious global challenge that we are all called on to do our part to halt and reverse. Working towards being nature positive in each region we operate builds on Teck’s long-standing commitment to biodiversity and reflects the passion of our employees for caring for the land where they live and work.”

Teck’s new conservation initiatives announced today protect 14,000 hectares and include:

  • C$2 million ($1.6 million) donation to the Nature Conservancy of Canada (NCC) for the purchase and ongoing management of the nearly 8,000-ha Next Creek Watershed in the East Kootenays of British Columbia. Next Creek was the last remaining unprotected land within the Darkwoods Conservation Area and this purchase protects the ecological integrity of a conservation network that has national and international significance;
  • Donation to NCC of approximately 162 ha of Teck-owned land in the Wycliffe Wildlife Corridor, also known as the Luke Creek Conservation Corridor, near Kimberley, British Columbia, and further donation of C$600,000 for the ongoing management of the land;
  • Some 5,800 ha of a unique and high-value wetland ecosystem near Teck’s Quebrada Blanca Operations in Chile will be protected in partnership with the Ollagüe Quechua community, Teck says. Known as the Salar de Alconcha, or Alconcha Salt Flat, the lands are located northwest of the village of Ollagüe near the Bolivian border at 4,123 m above sea level. The initiative is the first of its kind in Chile;
  • An investment of C$10 million to create an Indigenous Stewardship Fund that will support Indigenous communities and partners in the development of Indigenous-focused environmental stewardship initiatives as well as engagement, education, capacity-building and participation in support of conservation objectives in regions where Teck operates; and
  • Some C$12 million in new funding to the NCC to support future high priority conservation projects in British Columbia, in addition to those announced today.

The conservation investments announced today build on Teck’s purchase of over 7,000 ha of private lands in the Elk and Flathead River Valleys of British Columbia, set aside for conservation. Teck’s purchase of these lands in 2013 was one of the single biggest private sector investments in land conservation in British Columbia history. In 2021, Teck and the Ktunaxa Nation announced the signing of a Joint Management Agreement to ensure the protection of the area’s social, cultural and ecological value.

“The World Economic Forum ranks biodiversity loss and ecosystem collapse as one of the top threats humanity will face this decade and global leaders, including the G7, are calling for the world to become both net zero and nature positive,” the company said.

“For Teck, working to become nature positive means that, by 2030, our conservation, protection and restoration of land and biodiversity will exceed the disturbance caused by our mining activities from a 2020 baseline.”