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Teck Announces Construction of Highland Valley Copper Mine Life Extension to Proceed
VANCOUVER, British Columbia, July 24, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK....
About this update from Teck Resources Limited Class A
[{"type":"text","content":"Teck Announces Construction of Highland Valley Copper Mine Life Extension to Proceed\n\n\n\n VANCOUVER, British Columbia, July 24, 2025 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced board approval for construction of the Highland Valley Copper Mine Life Extension Project (HVC MLE), an important critical minerals investment which will extend the life of Canada’s largest copper mine and support Teck’s copper production into the future.\n \n\n “This extension of Canada’s largest copper mine, Highland Valley Copper, is foundational to our strategy to double copper production by the end of the decade,” said Jonathan Price, President and CEO. “Given the strong demand for copper as an energy transition metal, the Highland Valley Copper Mine Life Extension will generate a robust IRR and secure access to this critical mineral for the next two decades. The project will strengthen Canada’s critical minerals sector, generate new economic activity, and support the continuation of the jobs and community benefits that HVC generates for many more years to come.”\n \n\n “We look forward to continuing to work collaboratively with Indigenous Governments, local communities and stakeholders to responsibly secure the long-term future of Highland Valley Copper,” added Price.\n \n\n The decision to sanction HVC MLE was assessed under Teck’s Capital Allocation Framework using a rigorous decision-making approach that included a robust business case focused on returns and increased assurance requirements, which demonstrated sanction-readiness.\n \n\n\n Project highlights:\n \n\n\n\n Mine life extension of Highland Valley Copper from 2028 through to 2046.\n \n\n Average copper production of 132,000 tonnes per year over the life of mine.\n \n\n 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.\n \n\n Total capital investment represents the largest critical minerals investment in British Columbia history.\n \n\n Maintains the approximately 1,500 direct jobs and $500 million in annual GDP from HVC’s operations.\n \n\n Expected to generate approximately 2,900 jobs and $435 ...