The Vancouver-based miner will extend the life of Canada’s largest copper mine, investing between $2.1 billion and $2.4 billion in a project that’s expected to save about 1,500 jobs and employ 2,900 construction-related workers. (The Logic)
The Vancouver-based miner will extend the life of Canada’s largest copper mine, investing between $2.1 billion and $2.4 billion in a project that’s expected to save about 1,500 jobs and employ 2,900 construction-related workers. (The Logic)
The Vancouver-based miner will extend the life of Canada’s largest copper mine, investing between $2.1 billion and $2.4 billion in a project that’s expected to save about 1,500 jobs and employ 2,900 construction-related workers. (The Logic)
Talking point: It’s a bold strategy after U.S. President Donald Trump pledged to add 50 per cent tariffs on copper imports into the U.S. this month. Teck is still relying on its Canadian mine to help double copper production by the end of the decade, as the company shifts its focus toward meeting surging demand to feed new electrical grids and vehicles. The company, which also reported second-quarter earnings Wednesday, said it had accounted for the potential impact of tariffs in its decision. Still, Teck shares fell as much as eight per cent in Thursday trading.
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