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Mining in Latin America Ralph Lutes, Vice President, Asia, Executive Director & General Manager, Teck China October 22, 2014.

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Presentation on theme: "Mining in Latin America Ralph Lutes, Vice President, Asia, Executive Director & General Manager, Teck China October 22, 2014."— Presentation transcript:

1 Mining in Latin America Ralph Lutes, Vice President, Asia, Executive Director & General Manager, Teck China October 22, 2014

2 Forward looking information Both these slides and the accompanying oral presentation contain certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) and comparable legislation in other provinces. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These forward- looking statements include statements relating to management’s expectations with respect to mine lives, the projected production and life of the Quebrada Blanca Phase 2 and Relincho projects. These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary materially. Management’s expectations of mine life are based on the current planned production rate and assume that all resources are developed. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to differ materially. Factors that may cause actual results to vary include, but are not limited to: adverse developments in business and economic conditions, risks that resource estimates may prove incorrect, risks that required permits and authorizations will not be granted and unanticipated operational difficulties. Certain of these risks are described in more detail in Teck’s annual information form available at www.sedar.com and in public filings with the SEC at www.sec.gov. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws. www.sedar.comwww.sec.gov 2

3 Antamina Quebrada Blanca Carmen de Andacollo Relincho (Advanced Project) Elk Valley (5 mines) Trail Operations Cardinal River Duck Pond Highland Valley Red Dog Fort Hills (Advanced Project) Quintette Frontier & L421 (Advanced Projects) Steelmaking Coal Energy Refinery Copper Zinc Attractive Portfolio Long-Life Assets & Resources 3 Producing through multiple price cycles after capital is recovered, enhancing returns Focused on the Americas & Lower Risk Jurisdictions Strong Resource Position With Sustainable Long-Life Assets Coal Resources>100 years Copper Resources>30 years Zinc Resources>20 years Energy Resources> 50 years Pend Oreille

4 Sustainability Key sustainability focus areas: –Community –Water –Energy –Biodiversity –Materials Stewardship –Our People Short (2015) and long (2030) term goals established for each area 4

5 Sustainability Recognition Received the PDAC 2014 Environmental and Social Responsibility Award Best 50 Corporate Citizens in Canada 2014 On the Dow Jones Sustainability World Index five years in a row One of top 100 most sustainable companies in the world and one of Canada’s most sustainable companies Top 50 Socially Responsible Corporations in Canada Received the Globe Foundation Environment Award in 2014 5

6 Sustainability Strategy in Action Supporting Alternative Energy Education Teck partnered with education ministry on renewable energy education program in public schools Students learn to install and maintain solar and wind power systems Local teachers are trained to deliver the renewable energy courses

7 Sustainability Strategy in Action Using Seawater to Address a Water Challenge Water availability is a challenge for two of our development projects in Chile Teck plans to use desalinated water for these proposed operations Significant infrastructure required to pump water over 100 kilometers from the coast

8 Teck in Latin America Chile: Quebrada Blanca (Copper) Carmen de Andacollo (Copper) Peru: Antamina (Copper-Zinc) Development Projects: Quebrada Blanca Phase 2 (Chile) Relincho (Chile)

9 Chile: Quebrada Blanca 9 Located at an elevation of 4,400 metres. Produced 56,200 tonnes of copper cathode in 2013 Mine life anticipated to extend to approximately 2020.

10 Chile: Carmen de Andacollo 10 Located 350 kilometres north of Santiago. Produced 76,800 tonnes of copper concentrate in 2013 99% of mine personnel live in the town of Andacollo or nearby cities.

11 Peru: Antamina Located in the Ancash region of Peru, 270 km north of Lima Produced 443,000 tonnes of copper in 2013 Four key partners to finance, leverage expertise, reduce risk at Antamina. 11

12 Quebrada Blanca Phase 2 12 Aims to increase Quebrada Blanca’s copper annual production by more than 100%, to approximately 200,000 tonnes. Projected to extend the mine’s production life by more than 30 years.

13 13 Chile: Relincho Project Located in central Chile, approximately 110 kilometres east of the port city of Huasco. Estimated production of 207,000 tonnes per year of copper. No significant activities planned for Relincho in 2014 due to market conditions.

14 14 Summary Attractive portfolio of long- life assets in Latin America. Focusing on improving efficiency and furthering our permitting. Working with partners, including communities, government, and industry peers.

15 15 Questions


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