Teck Resources Limited today announced that its Board of Directors has approved the construction of the Highland Valley Copper Mine Life Extension Project (HVC MLE). This decision follows the receipt of the Environmental Assessment Certificate in June 2025 and is a foundational step in Teck's strategy to double copper production by the end of the decade.
The HVC MLE project is a brownfield extension of the 100% Teck-owned Highland Valley Copper operation in British Columbia, extending its life from 2028 out to 2046. It is expected to generate an average annual copper production of 132,000 tonnes over its extended life.
The refined capital estimate for the HVC MLE project is between $2.1 billion and $2.4 billion, reflecting updated assumptions for construction industry risks, inflation, input cost escalation, and potential tariffs. This capital is slated for investment from the second half of 2025 through 2028, with full construction set to commence in August 2025.
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