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.

Elkview Operations set a new production record in 2021, with its first full year of operations since its plant expansion to a capacity of 9.0 million tonnes per annum. Proven and probable reserves at Elkview are projected to support mining for a further 30 years.

Coal Business Unit Operating Results

($ in millions)

2021

2020

2019

Revenue

$6,251

$3,375

$5,522

Gross profit (loss)

$2,785

$277

$2,112

Gross profit (loss) before depreciation and amortization1

$3,657

$1,009

$2,904

Production (million tonnes)

24.6

21.1

25.7

Sales (million tonnes)

23.4

21.9

25.0

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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