20:31:25 EDT Sun 19 May 2024
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Teck Resources Ltd
Symbol TECK
Shares Issued 509,667,714
Close 2024-02-12 C$ 50.67
Market Cap C$ 25,824,863,068
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Teck Resources' Red Dog receives Zinc Mark verification

2024-02-12 17:44 ET - News Release

Mr. Jonathan Price reports

TECK'S RED DOG OPERATIONS ACHIEVES ZINC MARK VERIFICATION

Teck Resources Ltd.'s Red Dog operations, the largest critical mineral mine in the United States, has been awarded the Zinc Mark in recognition of environmentally and socially responsible production practices.

"Zinc plays an important role in enabling a low-carbon future and our people are focused every day on responsibly producing this critical mineral that the world needs," said Jonathan Price, president and chief executive officer, Teck. "With Red Dog being awarded the Zinc Mark, all of Teck's managed base metals operations are now verified and recognized for strong environmental and social performance, illustrating our focus on responsible production for the benefit of our customers, and for the environment and people where we operate."

Michele Brulhart, executive director of the Copper Mark, said: "Teck's Red Dog operation is the first mining site to receive the stand-alone Zinc Mark. We are excited to see the standard applied to other metals operations, and congratulate Teck on the initiative and Red Dog on its achievement."

The Copper Mark multimetals 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 along the value chains of the covered minerals.

To be verified for Copper Mark, operations are assessed and independently verified against 32 responsible production criteria including greenhouse gas emissions, community health and safety, respect for indigenous rights, and business integrity.

Teck is one of the world's largest producers of mined zinc. Red Dog operations is one of the world's largest zinc mines and the largest critical mineral mine in the United States while 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 this report .

In 2023, Teck's Trail operations was the first smelting and refining facility globally to achieve the Zinc Mark verification and Teck's newly expanded Quebrada Blanca operations (QB) and Carmen de Andacollo operations (CdA) were awarded the Copper Mark. In 2022, Teck's Highland Valley copper operations was the first mine in Canada to achieve Copper Mark verification.

Teck's commitment to responsible production is underpinned by a comprehensive sustainability strategy, which guides the company's focus on operating sustainably, ensuring the health and safety of the company's people, and building strong relationships with communities.

About the Copper Mark

The Copper Mark is the leading assurance framework to promote responsible practices across the copper, molybdenum, nickel and zinc value chains. Teck's vision is a sustainable society, enabled by the responsible production, sourcing and recycling of metals. To achieve the company's vision, Teck applies robust governance, credible standards and assurance, stakeholder engagement, and leadership strategies.

About Teck Resources Ltd.

As 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.

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