The Yaq̓it ʔa·knuqⱡi ’it First Nation and Teck Coal Limited today announced the signing of a relationship charter which formalizes the commitment of both parties to develop and sustain a strong working relationship, and a Stewardship Agreement which outlines collaboration on environmental and cultural stewardship projects. The relationship charter establishes a path forward to collaboratively advance responsible mining and land stewardship within qukin ʔamakis (the Elk Valley). The stewardship agreement sets out commitments for both parties in areas including: ● Building Yaq̓it ʔa·knuqⱡi ’it ..read more

The following is the Joint Statement from the Ambassador of Canada to the United States, Kirsten Hillman, and the Ambassador of the United States to Canada, David L. Cohen, on the Elk-Kootenay Water Pollution. “In furtherance of the Joint Statement issued by Prime Minister Trudeau and President Biden on March 24, 2023, Canada and the United States have reached an understanding on next steps to further bilateral cooperation to reduce and mitigate the impacts of water pollution in the Elk-Kootenay watershed. Our two countries are committed to a collaborative, science and Indigenous knowledge ba ..read more

Teck Resources Limited announced today the release of our 23rd annual Sustainability Report, highlighting our performance in 2023 and progress in key areas including climate and nature. “At Teck, we are committed to responsibly producing the critical minerals the world needs to create a low-carbon future,” said Jonathan Price, President and CEO. “Teck is working to further strengthen our sustainability performance, including setting a goal of net zero Scope 1 and Scope 2 emissions across our operations by 2050, and being one of the first mining companies to commit to supporting a nature posit ..read more

The Crown Mountain Coking Coal Public Comment Period on the application is Now Open. The comment period will be from Jan 29, 2024 – February 29 @ 12:59 AM MST The Environmental Assessment Office (EAO) and Impact Assessment Agency of Canada (IAAC) are working together to review the Crown Mountain Coking Coal project. Proposed by NWP Coal Canada Ltd. (the proponent), the project is an open-pit metallurgical coal mine located in the Elk Valley, 12 kilometres northeast of Sparwood, British Columbia. The EAO is coordinating its review process with IAAC because the project also requires approval un ..read more

Glencore’s purchase of Elk Valley Resources (EVR) from Teck Resources Limited is subject to mandatory regulatory approvals, being Investment Canada Act and competition approvals, however is expected to close in Q3 2024. Glencore entered into a binding agreement with Teck, for the acquisition of a 77% effective interest in the entirety of Teck’s EVR, for US$6.93 bn in cash, on a cash free debt free basis, subject to a normalised level of working capital. The remaining 23% is owned by Nippon Steel Corporation (NSC) who has acquired a 20% interest and POSCO has a for a 3% interest in EVR. This p ..read more

Teck Resources Limited today announced the closing of the sale of a minority interest in its steelmaking coal business, Elk Valley Resources (“EVR”), to Nippon Steel Corporation (“NSC”) and POSCO. NSC has acquired a 20% interest in EVR in exchange for its prior 2.5% interest in Elkview Operations plus US$1.3 billion in cash paid at closing to Teck and US$0.4 billion paid subsequently to Teck out of cash flows from EVR. POSCO has exchanged its 2.5% interest in Elkview Operations and its 20% interest in the Greenhills joint venture, for a 3% interest in EVR. Nippon Steel Corporation is Japan’s ..read more

Teck and Oldendorff Carriers today announced an agreement to use wind propulsion to further reduce CO2 emissions in Teck’s supply chain. The joint investment will see the vessel Dietrich Oldendorff, which carries shipments of Teck steelmaking coal from the Port of Vancouver, outfitted with a Flettner Rotor system by mid-2024. The Flettner Rotors generate lift from the wind, which is translated into additional thrust, thereby reducing fuel consumption on voyages across the Pacific. The addition of the rotors, along with other emission savings measures, is expected to reduce emissions by 55% re ..read more

NWP Coal Canada Ltd is a Canadian resource development company working on the Crown Mountain Hard Coking Coal Project. Following is their most recent news release: NWP has improved the Crown Mountain Coking Coal Project (the Project) since publishing our Initial Project Description in 2014. The most noticeable changes include: MINE PIT SEQUENCE • The 2014 plan to have all the pits open over a long period of time was revamped to compress the schedule for each pit and only open a new pit when absolutely necessary. • The changes lead to a smaller initial footprint, a much earlier start to recla ..read more

Teck Resources Limited has been informed that the Toronto Stock Exchange (“TSX”) has accepted the notice filed by Teck to establish a normal course issuer bid to purchase its Class B subordinate voting shares (“Class B Shares”). Under the normal course issuer bid, Teck may purchase up to 40 million Class B Shares during the period starting November 22, 2023, and ending November 21, 2024, representing approximately 7.8% of the outstanding Class B Shares, or 7.9% of the public float, as at November 15, 2023. 512,316,533 Class B Shares were issued and outstanding as at that date. Teck will make ..read more

Teck Resources Limited has been awarded the 2023 Mine Reclamation Award – Coal Mine Category by the British Columbia Technical and Research Committee on Reclamation (TRCR) for its use of an innovative reclamation technique at the Coal Mountain mine site. Guided by a deep commitment to protecting biodiversity and achieving the goal to become nature positive by 2030, Teck used a new uphill contouring reclamation technique to protect a creek and forested area as part of ongoing to work to reclaim the entire former Coal Mountain mine site. “Teck is proud to be recognized with this award, made po ..read more