The Latin America unit covers the Carmen de Andacollo and Quebrada Blanca copper operations in Chile, Teck’s interest in the Antamina mine in Peru, as well as the Zafranal (Peru), San Nicolas (Mexico), and NuevaUnión (Chile) copper growth projects.
The two regional units, said Teck, will be supported by enterprise-wide functions and a dedicated projects group that will develop and execute brownfield and greenfield projects.
The Canadian miner started its business shift when it sold its British Columbia-based steelmaking coal unit to Swiss commodities giant Glencore in one of the biggest deals in the industry. The deal closed earlier this summer, with Glencore paying nearly $7 billion for Teck’s 77% stake in the coal business.
“This new structure will ensure Teck is optimally positioned to operate safely, efficiently and responsibly while capitalizing on profitable growth opportunities and enhancing value for our…
