Teck Resources Limited today announced a comprehensive operations review, launched in August, and a specific action plan for its Quebrada Blanca (QB) copper mine in Chile. The company will defer approving major growth projects until QB achieves steady operations and target output, signaling a sharpened focus on operational execution.
Daniel Malchuk, a former senior operations executive at BHP with deep expertise in Chile, has been appointed as a special advisor to CEO Jonathan Price to assist with QB's tailings management and drive operational performance. This appointment aims to accelerate solutions for the slow sand drainage issues that have impacted the pace of Tailings Management Facility (TMF) development and constrained production.
The QB action plan includes mechanically raising the tailings dam wall and increasing crest height to enable unconstrained production, alongside initiatives to accelerate sand drainage through optimizing grind size, improving flocculant performance, and installing additional filter presses. Teck is also strengthening operational readiness and resilience at QB by validating the mine plan and optimizing performance across the mine, plant, and port. The comprehensive operations review is expected to conclude by October 2025, with guidance updates to be communicated no later than Teck’s Q3 results. Shehzad Bharmal, Executive Vice President and Chief Operating Officer, has retired from Teck, and the Senior Vice Presidents of Operations for Latin America and North America will now report directly to the President and CEO to strengthen executive oversight.
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