Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) has shut down part of the electrolytic zinc plant at its Trail Operations in British Columbia following what it calls a “localized fire” on Tuesday.
There were no injuries and the plant’s remaining three sections were unaffected, Teck said on Thusday. It continues to produce zinc and lead plus other specialty minerals, the company said in a release.
Investigators are probing the cause and there are no expected environmental impacts from the fire, the miner said.
Class B shares in Teck Resources closed 5.5% higher on Thursday at $71.94 apiece as wider markets hit record highs. The company’s market value is $37.2 billion.
The Trail Operations are one of the world’s largest fully integrated zinc and lead smelting and refining complexes. Last year, it produced over 266,000 tonnes of refined zinc, and its output is set to increase in 2024 because better concentrate is available.
The metallurgical operation, powered by the Waneta Dam on the Pend d’Oreille River, is known for its low carbon intensity, Teck said. In June 2023, it became the first standalone zinc processing site globally to receive the Zinc Mark distinction for its responsible production practices.
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