Teck Sanctions Highland Valley Copper Life Extension To 2046 With $2.1–$2.4 Billion Investment, Doubling Copper Strategy On Track

Teck Resources Limited Class B +0.26% Pre

Teck Resources Limited Class B

TECK

43.17

44.93

+0.26%

+4.08% Pre

Project highlights:

  • Mine life extension of Highland Valley Copper from 2028 through to 2046.
  • Average copper production of 132,000 tonnes per year over the life of mine.
  • Positioned for solid execution with strong and experienced team in place, all major permitting complete, engineering nearly 70% complete, and contracting and procurement well advanced.
  • Total capital investment represents the largest critical minerals investment in British Columbia history.
  • Maintains the approximately 1,500 direct jobs and $500 million in annual GDP from HVC's operations.
  • Expected to generate approximately 2,900 jobs and $435 million in additional GDP during the construction phase of the project.
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