- The B.C. government has officially issued Teck Resources (TSX:TECK) an Environmental Assessment Certificate for its Highland Valley Copper Mine Life Extension (HVC MLE) project
- This approval marks a significant step forward in extending the life of Canada’s largest open-pit copper mine, located near Logan Lake in B.C.’s Interior
- The HVC MLE project aims to extend the mine’s operational life into the mid-2040s
- Teck Resources stock (TSX:TECK) last traded at C$52.65
Teck Resources (TSX:TECK) announced a major milestone for its Highland Valley Copper Mine Life Extension (HVC MLE) project, as the Government of British Columbia has officially issued an Environmental Assessment Certificate. This approval marks a significant step forward in extending the life of Canada’s largest open-pit copper mine, located near Logan Lake in B.C.’s Interior.
The HVC MLE project aims to extend the mine’s operational life into the mid-2040s, supporting the long-term supply of critical minerals essential to North America’s clean energy transition. Site preparation is expected to begin shortly, alongside efforts to secure additional permits. A final construction sanction decision by Teck’s Board of Directors is anticipated by Q3 2025.
“This positive decision by the Government of B.C. will support extending the life of Canada’s largest copper mine, strengthening the North America critical minerals supply chain and contributing to jobs and economic activity,” Jonathan Price, Teck’s president and CEO said in a news release. “This is an important step forward that positions the project for a final construction sanction decision in the near term.”
The project is expected to generate approximately 2,900 jobs during its construction phase. Once operational, the extended mine will support around 1,500 direct jobs and contribute an estimated C$500 million annually to British Columbia’s GDP.
Teck also acknowledged the collaboration and input from Indigenous governments, local communities, and stakeholders throughout the environmental assessment process. The company emphasized its commitment to responsible resource development and sustainable economic growth in the region.
The Highland Valley Copper Mine has been a cornerstone of B.C.’s mining sector for decades, and the life extension project is poised to ensure its continued contribution to the province’s economy and the global copper supply chain.
Teck is a Canadian resource company with a portfolio of copper and zinc operations across North and South America, in addition to a copper growth pipeline.
Teck Resources stock (TSX:TECK) last traded at C$52.65 and has lost 18.84 per cent since this time last year.
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