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(Wallace Refiners) – Teck Resources (TSX: TECK.A and TECK.B, NYSE: TECK) today announced that Teck Coal has resolved charges under the Fisheries Act relating 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.
According to the company’s statement, 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 $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.
Vancouver-based Teck Resources is a diversified resource company with major business units focused on copper, zinc and steelmaking coal, as well as investments in energy assets.
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