Elkview

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

Baldy Ridge ExtensionAnnual Progress Update

Join us May 24th from 4:30pm – 7pm at the Sparwood Leisure Centre, for our Annual Baldy Ridge Extension Update.

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.

Proven and probable reserves at Elkview are projected to support mining for a further 39 years.

Coal Business Unit Operating Results

($ in millions)	2022	2021	2020
Revenue	$10,409	$6,251	$3,375
Gross profit (loss)	$6,401	$2,785	$277
Gross profit (loss) before depreciation and amortization¹	$7,364	$3,657	$1,009
Production (million tonnes)	21.5	24.6	21.1
Sales (million tonnes)	22.2	23.4	21.9

Notes:
¹ This is a non-GAAP financial measure or ratio. See "Use of Non-GAAP Financial Measures and Ratios" section of the Management's Discussion and Analysis for further information.

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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