The expansion of the mine, which will require an estimated investment of $4.7 billion, is set to start producing in 2021 and could double Teck’s copper business.
Teck Resources Mining News
Sumitomo Metal Mining and Sumitomo Corp. will pay $800 million earn-in contribution and $400 million matching contribution for a third of Teck's 90% interest in Quebrada Blanca mine.
Canada’s largest diversified miner is also studying a Phase 3 for Quebrada Blanca, which would double the mine’s capacity to 600,000 tonnes of copper a year from the 300,000 it’s expected to achieve once Phase 2 is completed.
Canada’s largest diversified miner has been looking for a development partner for the $4.8-billion extension of Quebrada Blanca copper mine in northern Chile.
Smaller mines and developers who previously found capital through retail investors in public markets are increasingly turning to specialist investors.
Horizonte plans to raise $443 million to begin construction on the mine in the middle of 2019, production slated for late 2021.
But Teck Resources says it will have the most advanced emission-control system in oil sands.
Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.
Canada's largest diversified miner said that before beginning the copper mine upgrade, it would have to secure a development partner able to invest $2billion for up to 30% to 40% stake in the project.
Can soil from an old, large stockpile still retain viable organics for successful site reclamation?
The province’s businesses grapple with the challenge of rising costs, threats to natural resources and changes in consumer spending patterns.
The world's second-biggest exporter of steelmaking coal stuck to its annual production forecast of 26 million to 27 million tonnes.
Teck displayed some of its high-tech approaches to mining at the recent B.C. Tech Summit.
The project joins two mines - one belonging to Goldcorp and the other to Teck Resources.
Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.
The most recent data available from the Alberta Energy Regulator — for December 2017 — shows Fort Hills at 11,525 bbls/d.
Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million.
Canada's largest diversified miner Teck Resources is amping up its corporate social responsibility game.
Company now owns 90% of Compañía Minera Teck Quebrada Blanca, which main asset is the namesake copper project in Northern Chile.
Company expects to lose about 200,000 tonnes in steelmaking coal output.
Rio Tinto, Teck Resources, Hudbay were among copper miners interested in $2 billion Michiquillay project in Peru.
The firm, North America's No.1 producer of coking coal, said the boost in profit was mainly thanks to the reversal of an impairment charge related to an improvement in the outlook for steelmaking commodity.
Consulting and partnering with First Nations isn’t just a way to get social licence – it can also provide real solutions to labour challenges.
Project is on track to reach 90% of capacity — or 194,000 barrels per day — by the end of the year.