Name of the Project
Quebrada Blanca Phase 2 (QB2) copper project.

Location
Tarapacá region, in northern Chile.

Client
Teck Resources owns 90% of Compañía Minera Teck Quebrada Blanca (QBSA). ENAMI, a Chilean State agency, holds a 10% preference share interest in QBSA, which does not require ENAMI to fund capital spending.

Project Description
The project proposes to develop the hypogene resource at Quebrada Blanca to increase yearly copper production and extend the mine’s production life by more than 25 years.

The project is expected to include the construction of a 140 000 t/d concentrator, tailings storage facility, concentrate pipeline, water supply pipeline, desalination plant, concentrate filtration plant and port to produce copper and molybdenum concentrates.

QB2 is expected to produce 300 000 t/y of copper equivalent for the first five years of mine life.

Potential Job Creation
About 9 000 to 11 000 jobs are expected to be created during peak construction and more than 2 000 ongoing direct and indirect jobs during operation.

Net Present Value/Internal Rate of Return
Not stated.

Value
$4.8-billion.

Duration
Not stated.

Latest Developments
Work on the project is expected to begin in November this year.

The company received environmental approval in August.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Teck Resources senior communications specialist Chris Stannell, tel +1604699 4368 or email Chris.Stannell@teck.com.
Teck Resources investor relations, tel +1604699 4257 or email investors@teck.com.