Underneath the SL RCF the worth paid by Teck will enhance or lower based mostly on the corporate’s efficiency in decreasing carbon emissions, bettering well being and security, and strengthening gender range in its workforce.
The brand new credit score facility matures in October 2026, extending the earlier facility by two years, Teck mentioned. The principal quantity excellent as of October 18 was $198 million as in comparison with $502 million as of June 30, 2021, and it’s anticipated to be at zero by finish of October 2021.
The SL RCF is aligned with Teck’s long-term sustainability technique, which units out targets together with decreasing carbon depth by 33% by 2030 and changing into carbon impartial throughout operations by 2050.
Teck’s sustainability technique is here.