Chile's Andakoro copper mine will use 100% renewable electricity

Teck Resources has signed a long-term agreement to provide 100% renewable energy for its Carmen de Andacollo copper mine operations in central Chile, thereby eliminating 200,000 tons of greenhouse gas (GHG) emissions, equivalent to taking 40,000 cars off the road
each year.

Under the agreement with AES Corp.
, 72 megawatts of clean electricity
will be generated annually from AES's wind, solar and hydroelectric portfolio, starting this month.
The agreement is valid until the end of 2031, while the mine life of Carmen de Andacollo can currently be extended until 2035
.

Don Lindsay, President and CEO of Tektronix, said, "Tektronix works to address the global challenge
of climate change by reducing the carbon footprint of our operations and toward achieving carbon neutrality.
This agreement brings Tektronix one step closer to achieving our sustainability goals while also ensuring reliable, long-term, clean power
for Carmen de Andacollo at a lower cost.
" ”

Tektronix has partnered with AES subsidiary AES Gener, which will provide more than 50 percent of the electricity
currently under construction for Tektronix's Quebrada Blanca Phase II project in Chile.

Tektronix Resources, a diversified copper, zinc and metallurgical coal miner, has pledged to become a carbon-neutral operator
by 2050.
To achieve this, it has set landmark targets, including sourcing all electricity from renewable sources and reducing carbon emissions
for its Chilean operations by 2030.
By 2030, the company's operating intensity will be reduced by 33%.

The company also dropped a proposal to build the Frontier oil sands mine in Alberta earlier this year, though Tektronix CEO Don Lindsay said it was more of a political decision than an environmental issue
.
Tektronix still holds a 21.
3 percent stake
in the province's Fort Hills oil sands joint venture.