Mining in Latin America
Ralph Lutes, Vice President, Asia, Executive Director & General
Manager, Teck China
October 22, 2014
Forward looking information
Both these slides and the accompanying oral presentation contain certain forward-looking statements within
the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking
information within the meaning of the Securities Act (Ontario) and comparable legislation in other provinces.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements of Teck to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking statements. These forwardlooking statements include statements relating to management’s expectations with respect to mine lives, the
projected production and life of the Quebrada Blanca Phase 2 and Relincho projects.
These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results
may vary materially. Management’s expectations of mine life are based on the current planned production rate
and assume that all resources are developed. The foregoing list of assumptions is not exhaustive.
Events or circumstances could cause actual results to differ materially. Factors that may cause actual results
to vary include, but are not limited to: adverse developments in business and economic conditions, risks that
resource estimates may prove incorrect, risks that required permits and authorizations will not be granted and
unanticipated operational difficulties.
Certain of these risks are described in more detail in Teck’s annual information form available at
www.sedar.com and in public filings with the SEC at www.sec.gov. Teck does not assume the obligation to
revise or update these forward-looking statements after the date of this document or to revise them to reflect
the occurrence of future unanticipated events, except as may be required under applicable securities laws.
2
Attractive Portfolio
Long-Life Assets & Resources
Focused on the Americas
& Lower Risk Jurisdictions
Frontier & L421
(Advanced Projects)
Red Dog
Strong Resource Position With
Sustainable Long-Life Assets
Fort Hills
(Advanced Project)
Quintette
Cardinal River
Highland Valley
Trail Operations
Pend Oreille
Coal Resources
>100 years
Copper Resources
>30 years
Zinc Resources
>20 years
Energy Resources
> 50 years
Duck Pond
Elk Valley (5 mines)
Steelmaking Coal
Copper
Zinc
Energy
Refinery
Antamina
Quebrada Blanca
Relincho
(Advanced Project)
Carmen de Andacollo
Producing through multiple price cycles after
capital is recovered, enhancing returns
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Sustainability
• Key sustainability focus areas:
– Community
– Water
– Energy
– Biodiversity
– Materials Stewardship
– Our People
• Short (2015) and long (2030) term
goals established for each area
4
Sustainability Recognition
5
Best 50 Corporate
Citizens in Canada
2014
One of top 100 most
sustainable companies
in the world and one of
Canada’s most
sustainable companies
On the Dow Jones
Sustainability World Index
five years in a row
Top 50 Socially
Responsible
Corporations in
Canada
Received the PDAC
2014 Environmental
and Social
Responsibility Award
Received the Globe
Foundation Environment
Award in 2014
Sustainability Strategy in Action
Supporting Alternative Energy
Education
• Teck partnered with education
ministry on renewable energy
education program in public schools
• Students learn to install and maintain
solar and wind power systems
• Local teachers are trained to deliver
the renewable energy courses
Sustainability Strategy in Action
Using Seawater to Address a Water
Challenge
• Water availability is a challenge for
two of our development projects in
Chile
• Teck plans to use desalinated water
for these proposed operations
• Significant infrastructure required to
pump water over 100 kilometers
from the coast
Teck in Latin America
Chile:
• Quebrada Blanca (Copper)
• Carmen de Andacollo (Copper)
Peru:
• Antamina (Copper-Zinc)
Development Projects:
• Quebrada Blanca Phase 2 (Chile)
• Relincho (Chile)
Chile: Quebrada Blanca
• Located at an elevation of
4,400 metres.
• Produced 56,200 tonnes
of copper cathode in 2013
• Mine life anticipated to
extend to approximately
2020.
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Chile: Carmen de Andacollo
• Located 350 kilometres
north of Santiago.
• Produced 76,800 tonnes
of copper concentrate in
2013
• 99% of mine personnel
live in the town of
Andacollo or nearby cities.
10
Peru: Antamina
• Located in the Ancash
region of Peru, 270 km
north of Lima
• Produced 443,000 tonnes
of copper in 2013
• Four key partners to
finance, leverage
expertise, reduce risk at
Antamina.
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Quebrada Blanca Phase 2
• Aims to increase
Quebrada Blanca’s copper
annual production by more
than 100%, to
approximately 200,000
tonnes.
• Projected to extend the
mine’s production life by
more than 30 years.
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Chile: Relincho Project
• Located in central Chile,
approximately 110
kilometres east of the port
city of Huasco.
• Estimated production of
207,000 tonnes per year of
copper.
• No significant activities
planned for Relincho in
2014 due to market
conditions.
13
Summary
• Attractive portfolio of longlife assets in Latin
America.
• Focusing on improving
efficiency and furthering
our permitting.
• Working with partners,
including communities,
government, and industry
peers.
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Questions
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