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Life Cycle Approach to Providing Value

As part of our commitment to responsibility throughout the value chain, Teck works to understand a broad scope of issues—ranging from the origins of the goods that we buy to the ultimate post-sale impacts of our products—through integrated risk management. 

Value Chain Stakeholders

Suppliers

 

Service Providers

 

Joint Venture Partners

Customers

End Users and their Geographic Locations

We rely on an international network of suppliers to provide the products, materials and goods needed to support our operations. These include: heavy mining equipment, tires and spare parts, fuel and lubricants, electricity, materials (including grinding media, liners, and ground engaging tools), explosives and chemicals for processing.

We outsource many operational activities to third-parties. This is typically due to their cost-effectiveness or technical capabilities, or for strategic reasons (e.g., where we see benefit in concentrating on our core business capabilities). Typical activities carried out by service providers and contractors include heavy mining equipment maintenance, transport and logistics, mechanical, electrical, construction work and general, exploration drilling and technical/engineering consultancy.

Ownership of some of our assets is shared with joint venture partners. This includes, for example, our Antamina mine in Peru and the Fort Hills oil sands project in Alberta (BHP Billiton, Glencore and Mitsubishi Corporation; and Suncor Energy Inc. and Total E&P Canada Ltd., respectively) and Project Corridor with Goldcorp in Chile.

 

Many of our products need to be further processed before they are marketable. As a result, we either carry out refining and processing ourselves, or we sell our unfinished products to third-party processors. Our key customers include third-party smelters and refineries of copper, zinc and other metals (including lead and silver); third-party steel mills producing steelmaking coal; and direct purchasers/traders of various metals and chemical by-products.

 

End users that we encourage to use our products responsibly include the following:

  • Engineering and construction industry: steel, zinc, copper
  • Transportation, automobile and logistics industry: steel, zinc, copper
  • Electronics and telecommunications industry: copper
  • Power generation and transmission industry (including renewable energy): copper
  • Domestic appliance industry: steel, copper
  • Consumers (including consumer goods and nutritional supplements): steel, zinc and copper
  • Agricultural industry: zinc
  • Multiple users: energy

 

 

Table 30: End Users and their Geographic Locations 

  • Brazil
  • Canada
  • Chile
  • China
  • Colombia
  • Finland
  • Germany
  • India
  • Indonesia
  • Italy
  • Japan
  • Malaysia

 

  • Mexico
  • Netherlands
  • Pakistan
  • Philippines
  • South Korea
  • Spain
  • Sweden
  • Taiwan
  • Thailand
  • Turkey
  • United Kingdom
  • United States
  • Vietnam

Inputs and Outputs of the Mining Life Cycle

Inputs

Outputs

Natural capital: including water, energy, land, air and minerals

Human capital: including the skills and expertise of our workforce

Political and legal capital: including government licences and regulatory permits

Financial capital: including equity and debt financing

Social capital: including community consent and relationships

Business capital: including our relationships with joint venture partners, contractors and suppliers

 

Physical:

Steelmaking coal: 25.3 million tonnes | Copper: 358,000 tonnes in concentrate and refined

Zinc: 658,000 tonnes (in concentrate) and 307,000 tonnes (refined)

 

Economic:

Value of salaries and benefits: $1.3 billion

Payments to our host governments in the form of taxes and royalties: $255 million

Spending on suppliers (includes fuel and energy, operating supplies, maintenance and repair supplies): $1.8 billion

Spending on contractors and consultants: $482 million

Community investments: $16.7 million

Dividends to shareholders: $374 million

 

Environmental:

Tailings produced: 69 million tonnes of tailings and fine coal refuse

Carbon dioxide-equivalent emissions: 2,805 kilotonnes

Water outputs: 326 million cubic metres (m3)

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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.