Teck to proceed with construction of Highland Valley Copper Mine Life Extension

“This extension of Canada’s largest copper mine, Highland Valley Copper, is foundational to our strategy to double copper production by the end of the decade”, said Jonathan Price, President and CEO. “Given the strong demand for copper as an energy transition metal, the Highland Valley Copper Mine Life Extension will generate a robust IRR and secure access to this critical mineral for the next two decades. The project will strengthen Canada’s critical minerals sector, generate new economic activity, and support the continuation of the jobs and community benefits that HVC generates for many more years to come.”

“We look forward to continuing to work collaboratively with Indigenous Governments, local communities and stakeholders to responsibly secure the long-term future of Highland Valley Copper”, added Price.

The decision to sanction HVC MLE was assessed under Teck’s Capital Allocation Framework using a rigorous decision-making approach that included a robust business case focused on returns and increased assurance requirements, which demonstrated sanction-readiness.

Project highlights:

• Mine life extension of Highland Valley Copper from 2028 through to 2046.
• Average copper production of 132 000 tpy over the life of mine.
• Positioned for solid execution with strong and experienced team in place, all major permitting complete, engineering nearly 70% complete, and contracting and procurement well advanced.
• Total capital investment represents the largest critical minerals investment in British Columbia history.
• Maintains the approximately 1500 direct jobs and US$500 million in annual GDP from HVC’s operations.
• Expected to generate approximately 2900 jobs and US$435 million in additional GDP during the construction phase of the project.

Read the article online at: https://www.globalminingreview.com/exploration-development/25072025/teck-to-proceed-with-construction-of-highland-valley-copper-mine-life-extension/