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CORRECTED-Teck Resources sues Alaska borough over tax hike

Published 2016-01-15, 06:04 p/m
© Reuters.  CORRECTED-Teck Resources sues Alaska borough over tax hike
TECK
-

(Corrects paragraph 1 to say complaint was against "Northwest
Arctic Borough, Alaska", not "Alaska"; Removes reference to
Alaska Governor's tax hike plans)
Jan 15 (Reuters) - Canadian miner Teck Resources Ltd
TCKb.TO said its unit, Teck Alaska, filed a complaint against
Northwest Arctic Borough, Alaska for a tax increase that could
more than triple the company's annual payments for 2016.
The tax increase would negatively impact the competitiveness
and longevity of Teck's Red Dog mine and put jobs at risk, the
company said on Friday.
Teck Alaska operates the Red Dog mine - one of the world's
largest zinc mines - located in the Northwest Arctic Borough.
The lawsuit filed in the Superior Court for the State of
Alaska also sought a new payment agreement.

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