Teck Resources Limited has announced the board’s approval for the construction of the Highland Valley Copper Mine Life Extension Project (HVC MLE), which will extend the life of Canada’s largest copper mine. This project is a significant investment in critical minerals, aiming to support Teck’s future copper production.
Jonathan Price, President and CEO of Teck, stated, “This extension of Canada’s largest copper mine, Highland Valley Copper, is foundational to our strategy to double copper production by the end of the decade.” He added that it would secure access to this mineral for two decades while strengthening Canada’s critical minerals sector.
The project is expected to extend the mine life from 2028 through 2046 and maintain an average annual copper production of 132,000 tonnes. The capital investment will be one of the largest in British Columbia’s history and aims to sustain approximately 1,500 direct jobs and generate $500 million in annual GDP from HVC operations.
Construction is set to begin fully in August 2025 after necessary environmental assessments and permits were issued in June. The project includes upgrades such as site infrastructure development, expansion of the mine fleet, grinding circuit upgrades, increased tailings storage capacity, and enhancements to power and water systems.
David Eby, Premier of British Columbia remarked on its economic impact: “This multi-billion dollar project represents 2,900 new jobs and a $500 million increase to GDP.”
Christine Walkem emphasized Indigenous involvement: “Our communities are not bystanders… we are decision-makers.”
Chief Matt Pasco highlighted collaboration with Teck: “With Teck, we are demonstrating that mining can align with Nlaka’pamux jurisdiction.”
Federal Minister Tim Hodgson pointed out its significance: “By extending…we are strengthening our critical minerals sector here at home.”
Kyle Wolff noted employment security for over 1500 workers while Robin Smith mentioned community benefits: “It’s about more than jobs; it’s about legacy.”
Forward-looking statements regarding costs or timelines include certain risks that could affect outcomes significantly if circumstances change unexpectedly.
