Extreme weather events hurt Teck Resources Ltd. in 2022 as the miner missed its copper and steelmaking coal output goals. Read on.
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Teck aims to boost its copper production to the range of 390,000 to 445,000 tonnes in 2023, buoyed by the expected start of its Quebrada Blanca 2 operations in Chile, the company’s biggest-ever construction project and one that’s expected to play a major role in rebalancing its portfolio towards metals needed for the energy transition.
Teck expects to further increase its copper production to between 545,000 and 640,000 tonnes per year from 2024 to 2026The guidance range reflects “increased frequency of extreme weather events and other potential disruptions,” the company said. The lower production reflects a two-month outage at its Elkview operations in B.C., amid repairs, labour constraints and extreme weather events, Teck said.
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