The Quebrada Blanca Phase 2 project is one of the largest undeveloped copper resources in the world. QB2 has an initial mine life of 28 years with significant potential for future growth.
QB2 incorporates extensive environmental measures, including the first large-scale use of desalinated seawater for mining in Chile's Tarapacá Region. The QB2 project has also consulted extensively with local communities and will continue to work cooperatively with stakeholders throughout the life of the project.
Teck owns an indirect 60% interest in Compañía Minera Teck Quebrada Blanca SA ("QBSA"), the owner of QB2. Sumitomo Metal Mining Co., Ltd. together with Sumitomo Corporation have a collective indirect 30% interest in QBSA. ENAMI, a Chilean state-owned company, has a 10% non-financial interest in QBSA.
The project has continued to effectively advance construction, with good progress in 2022.
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