Teck forecasts big jump in copper output this year copper zinc coal diversifiedminer Americas
Canadian miner Teck Resources has missed its production guidance for copper in 2022, but the company has set its sights on significantly higher output this year, as its new mine in Chile continues to ramp up.
The 2023 increase from QB2 will be partially offset by lower production at Highland Valley Copper, in British Columbia, owing to harder ore and lower grades as part of an update to the mine plan, as well as lower copper grades at Antamina, in Peru, the company said.In 2022, Teck produced 270.5-million tonnes of copper, missing its guidance of 273 000 t to 290 000 t.
The company produced 248 900 t of zinc at the Trail Operations, in British Columbia, compared with the guided 257 000 t to 267 000 t. The lower-than-planned output is owing to the extension of major planned maintenance activities on the Kivcet boiler and unplanned downtime owing to extreme cold weather in December.
Steelmaking coal production of 21.5-million tonnes came in just below the 22-million- to 22.5-million-tonne target, reflecting a two-month outage at the Elkview operations, in British Columbia, for the repair of the plant feed conveyor failure, plant availability challenges, ongoing labour constraints, and extreme weather events early in 2022 and in December.
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