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Elkview

Elkview

Elkview Operations is one of our four 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 four 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) is approximately 9.0 million of clean coal. Proven and probable reserves at Elkview are projected to support mining for a further 30 years.

 


Coal Business Unit Operating Results

($ in millions)

2020

2019

2018

Revenues

$3,375

$5,522

$6,349

Gross Profit before depreciation and amortization(1)(2)

$1,009

$2,904

$3,770

Gross Profit

$277

$2,112

$3,040

Production (million tonnes)

21.1

25.7

26.2

Sales (million tonnes)

21.9

25.0

26.0

Notes:
(1) Non-GAAP Financial Measure. See “Use of Non-GAAP Financial Measures” section for further information.
(2) See “Use of Non-GAAP Financial Measures” section for reconciliation.  

Dust Management in the Elk Valley

Dust Management in the Elk Valley
We take extensive measures to monitor and manage dust at our operations and are working to identify new methods to improve dust management and air quality.
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Teck

As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal, as well as investments in energy assets.