Teck Resources - CEO, Donald Lindsay
CEO, Donald Lindsay
Source: Globe and Mail
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  • Teck Resources Limited (TECK.A, TECK.B) enters an agreement with Caterpillar Inc. to deploy 30 zero-emissions large haul trucks for mining operations
  • Decarbonizing Teck’s vehicle fleet will significantly reduce its emissions and help meet its goal of reducing carbon operations by 33 per cent
  • The companies plan to progress through a multi-phased approach including early development, piloting, and deployment of the 30 zero-emission vehicles
  • Teck Resources Limited (TECK.A) Class A shares are up 2.56 per cent trading at $42.40 per share as of 1:01 p.m. EST
  • Teck (TECK.B) Class B shares are up 1.199 per cent trading at $41.35 per share as of 1:02 p.m. EST

Teck Resources Limited (TECK.B) has entered into an agreement with Caterpillar Inc. to deploy 30 zero-emissions large haul trucks for mining operations.

Decarbonizing Teck’s vehicle fleet will help the company achieve its goal to reduce the carbon intensity of its operations by 33 per cent by 2030 and be a carbon-neutral operator by 2050.

Don Lindsay, President and CEO of Teck, stated

“Teck is already one of the world’s lowest carbon intensity producers of copper, zinc and steelmaking coal, and now we are taking further action to develop and implement the technology needed to reduce the carbon footprint of our operations and support global efforts to combat climate change,”

The companies plan to progress through a multi-phased approach including early development, piloting, and deployment of the 30 zero-emission vehicles.

It includes the Cat 794 ultra-class trucks and will begin deployment in 2027.

Teck will initially deploy the zero-emissions trucks at its Elk Valley steelmaking coal operations in British Columbia, Canada.

The operations are already powered by a 95 per cent clean electricity grid

Due to this, the Elk Valley is a prime location to introduce the zero-emissions large haul truck fleets and includes options for trolley-assisting technology.

Teck Resources Limited Class A (TECK.A) shares are up 2.56 per cent trading at $42.40 per share as of 1:01 p.m. EST.

Teck Resources Limited Class B shares (TECK.B) are up 1.199 per cent trading at $41.35 per share as of 1:02 p.m. EST.

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