Cleanup for pollution from Teck coal mines will top $6.4-billion, assessment claims [Globe and Mail, The (Toronto, Canada)]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
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Source: Globe and Mail, The
report – far exceeding a $1.9-billion security bond required by the B.C. government to cover cleanup costs. The report, commissioned by environmental group Wildsight, bases its price tag on calculations of what it would cost to implement Vancouver-based Teck's current plan of building water treatment plants through to 2027 and then running them for 60 years. The resulting estimates raise concerns that B.C. taxpayers could be stuck with a hefty cleanup bill, said Simon Wiebe, mining policy and impacts researcher at Wildsight, which released the report on Tuesday. “We've been concerned for quite a while that the amount of money that Teck has put aside for selenium remediation with the B.C. government would not be enough to cover the actual cost,” he said. The Wildsight report adds to heightened scrutiny on the issue of selenium leaching from Teck's Elk Valley coal mines in southeastern B.C. to river systems in Canada and the United States. Earlier this month, the governments of
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News
- Honda and Posco sign MoU for Canadian cathode JV [Yahoo! Finance]Yahoo! Finance
- POSCO Holdings Inc. (NYSE: PKX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Honda to set up $11 bln EV production base in Canada [Reuters]Reuters
- Teck Resources reports first-quarter profit down from year ago [BNN Bloomberg (Canada)]BNN Bloomberg
- POSCO Holdings Inc. (NYSE: PKX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
PKX
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/15/24 - Form 6-K
- PKX's page on the SEC website