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.
The discovery was made on surface within the Beyer Zone, where the company previously reported a surface sample that assayed 14.15 g/t gold and 9.40 g/t silver.
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 goal of a mineral supply agreement is that countries that have limited access to the raw materials needed to transition to a green economy are not left behind.
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.
