- Teck Coal Limited has resolved charges under the Fisheries Act
- The charges related to discharges of selenium and calcite to a mine settling pond and to the Fording River in the Elk Valley region of BC
- The B.C. Provincial Court has accepted a plea of guilty and a joint sentencing submission by the Crown and Teck Coal
- Teck Coal will pay a penalty of C$30 million in respect of each offence
- Teck Coal is implementing a water quality plan to improve water quality and prevent future calcite deposition
- Teck Resources is up 0.65 per cent, trading at C$31.20 per share at 3 pm ET
Teck Resources Limited (TECK.A) announced that Teck Coal Limited has resolved charges under the Fisheries Act.
The charges related to 2012 discharges of selenium and calcite to a mine settling pond and to the Fording River from its Fording River and Greenhills steelmaking coal operations in the Elk Valley region of British Columbia.
The B.C. Provincial Court has accepted a plea of guilty and a joint sentencing submission by the Crown and Teck Coal in relation to two counts charging offences under s. 36(3) of the Fisheries Act.
As part of the resolution, Teck Coal will pay a penalty of C$30 million in respect of each offence. The Crown will not proceed with charges relating to the same discharges over the period from 2013 to 2019.
As announced in October 2020, Environment and Climate Change Canada has also issued a Direction under the Fisheries Act setting out additional measures to improve water quality and prevent calcite deposition that are complementary to measures already included in the Elk Valley Water Quality Plan that Teck is implementing.
Teck is a diversified miner with coal, copper, zinc, and oil sands operations in Canada, the United States, Chile, and Peru.
Teck Resources is up 0.65 per cent, trading at C$31.20 per share at 3 pm ET.
