ESG

Teck, Ktunaxa Nation sign conservation deal

Diversified miner Teck Resources has signed a joint management agreement with Ktunaxa Nation over more than 7,000ha of land in British Columbia, which was purchased by Teck in 2013 for conservation.

Staff reporter
 Ktunaxa Nation has signed a joint management agreement with Teck Resources over more than 7,000ha in BC

Ktunaxa Nation has signed a joint management agreement with Teck Resources over more than 7,000ha in BC

The pair agreed to jointly manage the land for conservation purposes, to protect significant fish and wildlife habitat.

The three land parcels are in ʔamakʔis Ktunaxa and in the region of Teck's steelmaking coal operations in the southeast of the province.

"Together, we can advance our mutual objective of conserving these culturally and ecologically significant lands for years to come, while also making progress towards Teck's vision of a net positive impact on biodiversity," CEO Don Lindsay said.

"We look forward to working with stakeholders in the region to ensure this unique area will be managed according to principals of respect for the land and all those who live within it," Ktunaxa Nation chair Kathryn Teneese said in a joint statement.

Vancouver-headquartered Teck said its 2013 purchase was one of the single biggest private sector investments in land conservation in BC history.

Lindsay had said operating with social and environmental responsibility was "foundational" to the company's success when Teck was included in Dow Jones Sustainability World Index for the 11th consecutive year in November.

Teck shares (TSX: TECK.B) reached a 52-week high of C$25.70 last week.

They closed down 1.2% on Friday to $24.86, capitalising it about $13 million (US$10.2 million).

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.