Antamina Resumes Operations
May 27 2020 - 8:50AM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
("Teck”) announced today that Compania Minera Antamina, in which
Teck has a 22.5% interest along with BHP (33.75%), Glencore
(33.75%) and Mitsubishi Corporation (10%), has now resumed
operations at the Antamina mine.
Antamina has mobilized a reduced operating workforce and plans
to start off at roughly 80% of full capacity, with a gradual
ramp-up to full production expected in the third quarter.
Comprehensive COVID-19 protocols are in place to safeguard the
health of workers and local communities.
Forward-Looking Statements This press
release contains certain forward-looking statements within the
meaning of the United States Private Securities Litigation Reform
Act of 1995 and forward-looking information as defined in the
Securities Act (Ontario). Forward-looking statements in this news
release include statements regarding plans for the resumption of
operations and the resumption of full production at Antamina. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ
materially from those anticipated. These statements speak only as
of the date of this news release.
These statements are based on a number of assumptions,
including, but not limited to, assumptions regarding market
conditions in the copper and zinc markets, and that government
action or other measures in response to the COVID-19 pandemic, or
community opposition, do not prevent the resumption of operations
or ramp-up to full production, including by requiring additional
preventative measures or through impacts on suppliers, customers or
infrastructure providers. Factors that may cause actual results to
vary include, but are not limited to, there being further measures
imposed by regulatory authorities that further impact or restrict
operations or affect product markets or other parties, and
potential social unrest.
Certain of these risks are described in more detail in the
annual information form of Teck and in its public filings with
Canadian securities administrators and the U.S. Securities and
Exchange Commission. Teck does not assume the obligation to revise
or update these forward-looking statements after the date of this
news release or to revise them to reflect the occurrence of future
unanticipated events, except as may be required under applicable
securities laws.
About TeckTeck 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 PhillipsSenior
Vice President, Investor Relations and Strategic
Analysis604.699.4621fraser.phillips@teck.com
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