Teck Approves $2B+ Highland Valley Copper Life Extension to 2046

Teck Resources has approved a $2.1 to $2.4 billion life extension project for its Highland Valley Copper mine in British Columbia, the largest copper mine in Canada. The project will extend the mine's operational life from 2028 to 2046, increasing copper production to an average of 132,000 tonnes annually, which is critical to meeting growing demand for copper driven by the global energy transition. The expansion includes infrastructure upgrades, fleet expansion, improved tailings storage, and enhancements to power and water systems, and aims to support approximately 1,500 direct jobs with about 2,900 jobs created during construction. This investment aligns with Teck's strategy to double copper production by the end of the decade and strengthen North America's critical minerals supply chain. The project has received environmental approval from British Columbia and is set to begin full construction in August 2025, with the company expecting a robust internal rate of return. Teck emphasizes the strategic importance of copper as a key metal in electric vehicles, renewable energy, and digital infrastructure, positioning the mine extension as a cornerstone in their transformation into a pure-play energy transition metals company.