Teck’s goal to a become a nature positive company by 2030 means its conservation, protection and restoration of land and biodiversity will exceed the disturbance caused by its mining.
Ivanhoe Mines was the first company to implement the LPRM in 2019. Now 12 companies are using it, including Freeport-McMoRan, New Gold, and Lundin Gold.
The Panguna mine was operated by BCL, majority-owned by Rio Tinto, for 17 years from 1972 until 1989, when operations were suspended due to an uprising.
The new resource estimation is in addition to Séguéla’s current mineral reserves of 12.1 milllion tonnes averaging 2.80 g/t gold containing 1.09 million ounces.