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Fording River

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

About Fording River

Fording River Operations is located approximately 29 kilometres northeast of the community of Elkford, in southeastern British Columbia. It is one of our five steelmaking coal operations in the Elk Valley.

Fording River 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 are approximately 9.0 million and 9.5 million tonnes of clean coal, respectively.  Proven and probable reserves at Fording River are projected to support mining at planned production rates for a further 43 years.


Coal Business Unit Operating Results

($ in millions)

2018

2017

Revenues(2)

$6,349

$6,014

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

$3,770

$3,732

Gross Profit(2)

$3,040

$3,014

Production (million tonnes)

26.2

26.6

Sales (million tonnes)(2)

26.0

26.5

Notes:
(1) Non-GAAP Financial Measure. See “Use of Non-GAAP Financial Measures” section for further information.
(2) Certain 2017 comparative figures have been restated for new IFRS pronouncements. 2016 figures have not been restated. Please refer to Note 32 to our audited annual consolidated financial statements for the year ended December 31, 2018. 

Fording River Operations

P.O. Box 100
Elkford, B.C. Canada V0B 1H0
t: 250.865.2271
f: 250.865.5035

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Teck

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