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Elkview

Elkview Operations is one of our five steelmaking coal operations located in the Elk Valley of British Columbia.

About Elkview

Elkview Operations is located approximately three kilometres east of Sparwood in southeastern British Columbia. It is one of our five steelmaking coal operations in the Elk Valley.

Teck has a 95% partnership interest in Elkview. The remaining 5% is indirectly held equally by Nippon Steel & Sumitomo Metal Corporation, a Japanese steel producer, and POSCO, a Korean steel producer, each of which acquired a 2.5% interest in 2005.

Elkview produces steelmaking coal – also called metallurgical coal or coking coal — which is used to make steel. We export the processed coal by sea to the Asia-Pacific region and elsewhere. This involves the shipment of the steelmaking coal from the mine site to bulk port terminals in Vancouver by rail. It is then loaded on to larger seagoing vessels, which carry it to our target markets.

The current annual production capacities of the mine and preparation plant (on a 100% basis) are approximately 7.0 million and 7.0 million tonnes of clean coal, respectively.

Proven and probable reserves at Elkview are projected to support mining at planned production rates for a further 41 years.

Coal Business Unit Operating Results

($ in millions)

2016

2015

Revenue

$4,144

$3,049

Gross Profit (before depreciation and amortization)

$2,007

$906

Production (million tonnes)

27.6

25.3

Sales (million tonnes)

27.0

26.0

Elkview Operations

R.R. #1, Highway #3
Sparwood, B.C. Canada V0B 2G1
t: 250.425.8325
f: 250.425.8763

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Teck is a diversified resource company committed to responsible mining and mineral development with business units focused on copper, zinc, steelmaking coal and energy.