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Teck and Polymet announce NewRange Copper Nickel JV agreement

Published by , Editorial Assistant
Global Mining Review,


Teck Resources Limited has announced that the 50:50 joint venture agreement with PolyMet Mining Corp. to advance the NorthMet project and Teck’s Mesaba mineral deposit has closed. The NewRange Copper Nickel LLC joint venture, with a new leadership and management team in place, is focused on advancing permitting and development of NorthMet to deliver critical minerals in support of the global low-carbon energy transition.

The NewRange Copper Nickel joint venture brings together two large, well defined mineral resources in the established iron range mining region of Minnesota.

Forming the NewRange Copper Nickel joint venture is the first of several advances that we expect to deliver in 2023 across Teck’s industry leading copper growth portfolio. In addition to forming the NewRange Copper Nickel joint venture, in 1H23 we anticipate completing the proposed San Nicolás copper-zinc joint venture in Mexico with Agnico Eagle Mines Limited and the submission of the San Nicolás permitting application, and we expect to receive the SEIA permit on the Zafranal copper-gold project. In 2H23 we are targeting the completion of feasibility studies for HVC 2040 and the Quebrada Blanca Mill Expansion (QBME) and the prefeasibility study for Galore Creek as well as the submission of the permit application for HVC 2040, each of which are significant milestones in Teck's Copper Growth portfolio.

Read the article online at: https://www.globalminingreview.com/mining/16022023/teck-and-polymet-announce-newrange-copper-nickel-jv-agreement/

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US mining news Copper mining news Nickel mining news