Teck Announces $20 million COVID-19 Response Fund
April 16 2020 - 11:00AM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) today announced the creation of a $20-million fund to
support COVID-19 response and future recovery efforts. This funding
will go to support critical social initiatives and increased
healthcare capacity, including procuring one million masks to be
donated for healthcare in British Columbia.
Don Lindsay, Teck President and CEO said: “The
global health crisis posed by COVID-19 is unlike anything
previously faced by companies, by families, and by communities. The
scope and severity of this pandemic requires all of us to step up
and do our part.
“As a proudly Canadian-based resource company with over 100
years of history, Teck is committed to playing a role in the global
mobilization to beat COVID-19. We have created a $20-million fund
that will provide direct support to critical services in
communities where we operate. This includes procuring essential
medical supplies, donating to medical research, supporting local
healthcare and social services affected by COVID-19, and
contributing to international relief efforts.
“This funding will help to protect the health and wellbeing of
communities locally and globally during this challenging time and
support their long-term economic and social recovery in the wake of
COVID-19. It builds on our work to implement stringent preventative
measures at all our operations to safeguard the health of our
people, and to maintain jobs and economic activity to the extent
possible without compromising safety.
“Meeting an unprecedented challenge requires unprecedented
unity, empathy and consideration for one another. Around the world
we have seen those qualities on display in recent weeks, from small
gestures of kindness and support from our neighbours to everyday
citizens cheering each night in support of frontline healthcare
workers.
“Teck and its people are proud to play our part. There are many
examples of our local operations embodying that same spirit, such
as donating PPE to local frontline health workers, sharing their
health and safety expertise with the community, and providing
funding to local food banks. The collective response to this
unprecedented threat has been truly extraordinary. It should give
us every confidence that we will prevail and once it passes, as it
surely will, we will all emerge stronger and more resilient than
ever.”
Donations to date through the fund include:
- One million masks for healthcare in British
Columbia: Working in collaboration with government
agencies and utilizing its supply chain network, Teck has procured
1 million KN95 masks to donate to B.C.’s healthcare system with
delivery expected in the coming weeks.
- Teck Community Response Fund for local communities in
Canada, Alaska and Chile: A dedicated community investment
fund will support local organizations in areas where Teck operates
directly involved with COVID-19 response (such as healthcare and
social services) or those directly experiencing impacts resulting
from COVID-19. A portion of this fund will be specifically
dedicated to support for Indigenous communities. Teck is also
expediting payments to local and Indigenous suppliers to support
their ongoing economic resiliency.
- Healthcare services in Chile: Teck will
support healthcare services in the Tarapaca and Coquimbo regions of
Chile, including funding medical supplies, equipment, facilities
and professionals at the Iquique hospital; family and primary
health services in Pica, Pozo Almonte, and Chanavayita; and
healthcare services in La Serena.
- Investments in use of copper towards infection
prevention initiatives: Through its Copper & Health
program, Teck will continue to collaborate with public agencies and
is making an additional $1 million available to advance the use of
copper products to support infection control and prevention.
- Contributions to Canadian relief efforts: Teck
is providing $250,000 to the Canadian Red Cross towards supporting
health services and public health in the battle against COVID-19,
including the deployment of the Red Cross’s Emergency Response Unit
field hospital and the supply of medical equipment.
- Support for international relief efforts: Teck
has contributed to international aid efforts including $500,000 to
UNICEF (in collaboration with the World Health Organization
Solidarity Response Fund) to provide critical medical and
sanitation supplies, equipment and training in over 180 countries,
and $250,000 to the China Foundation for Poverty Alleviation to
support children in rural communities in China.
- Support for medical research programs in
Canada: Teck has provided a $250,000 contribution to the
VGH & UBC Hospital Foundation for targeted drug discovery into
therapeutic solutions to the COVID-19 virus carried out at the
Vancouver Prostate Centre.
Further donations through the fund will include procuring
additional supplies or PPE for healthcare and community use,
contributions to global relief efforts, medical research, and
long-term economic recovery from the impacts of COVID-19.
Teck is following guidance from public health agencies and
government, and has implemented comprehensive measures at all of
its operations to protect the health and safety of employees and
communities in response to COVID-19. Learn more at
www.teck.com/updates.
About Teck Teck is a diversified resource
company committed to responsible mining and mineral development
with major business units focused on copper, steelmaking coal, zinc
and energy. Headquartered in Vancouver, Canada, its 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. Learn
more about Teck at www.teck.com or
follow @TeckResources.
Teck Media Contact: Chris Stannell Public
Relations Manager 604.699.4368chris.stannell@teck.com
Teck Investor Contact: Fraser Phillips Senior
Vice President, Investor Relations and Strategic Analysis
604.699.4621 fraser.phillips@teck.com
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