COPPER: Teck seeking partner for Quebrada Blanca expansion

CHILE –Teck Resources of Vancouver is looking for a partner to share in the $4.8 billion phase two expansion at its Quebrada […]
When phase two is complete, output from Quebrada Blanca will be 300,000 tonnes of copper equivalent per year. Teck Resources photo
[caption id="attachment_1003724655" align="aligncenter" width="493"] When phase two is complete, output from Quebrada Blanca will be 300,000 tonnes of copper equivalent per year. (Image: Teck Resources)[/caption] CHILE –Teck Resources of Vancouver is looking for a partner to share in the $4.8 billion phase two expansion at its Quebrada Blanca copper mine. Teck plans to offer up to 30% or 40% of the project to a partner willing to invest $2.0 billion. The expansion project includes a new concentrator, a tailings management facility, and major infrastructure for transporting concentrate, desalinating sea water, dewatering and load out facilities. As the hypogene resource is developed, production from the project would be extended to more than 25 years. Annual capacity when phase two is complete will be 300,000 tonnes of copper equivalent for the first five years of mining. Teck received regulatory approval for phase two earlier this month, and the company expects to get the environmental qualification resolution (RCA) in a few weeks. Please visit www.Teck.com.

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