New Teck $174-million acid plant to create 160 jobs during construction
Teck Metals Ltd. (“Teck”) announced Monday that the company will invest $174 million in the installation of a new acid plant to improve efficiency and environmental performance at its Trail Operations.
“Construction of the new acid plant represents an important investment in the ongoing sustainability and long-term future of Trail Operations,” said Thompson Hickey, General Manager, Trail Operations. “This new facility will improve our environmental performance, while providing greater operating reliability.”
The new acid plant will reduce downtime and maintenance costs and also enhance environmental performance. It will reduce SO2 emissions by a further 5% in addition to the 15% reduction in emissions realized from the installation of the No. 1 Acid Plant in 2014. The new plant will replace an existing plant and will be a replica of the No. 1 Acid Plant, using the best commercially available technology.
Construction is expected to start in the first quarter of 2017, with the plant becoming operational in the summer of 2019. Approximately 160 jobs will be created during construction.
Over the last 20 years Teck has made significant investments to improve Trail Operations’ environmental performance, resulting in emissions of metal to air and water being reduced by over 95 per cent.
This new release contains certain forward-looking statements within the meaning of Canadian and United States securities laws (collectively, “forward-looking statements”). Forward-looking statements in this news release relate to the projected cost of the new acid plant, the expectation that the new acid plant will improve operating reliability and flexibility and enhance environmental performance, the expected magnitude of emission reductions, timing of construction and operation and the number of jobs to be created.
These forward-looking statements and information involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Teck and the new acid plant to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that may cause actual results to vary include, but are not limited to, construction delays, unanticipated cost overruns, design or operational issues resulting in reduced performance of the acid plant, unavailability of labour resources, and labour disruptions.
Teck and Teck Resources do not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities law.
Teck Metals Ltd. is a wholly-owned subsidiary of Teck Resources Limited, 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 TCK.A and TCK.B and the New York Stock Exchange under the symbol TCK. Learn more about Teck at www.teck.com or follow @TeckResources.