Welcome to Elkview; Visitor Presentation September 11, 2014 Don Sander, GM, Elkview

Transcription

1 Welcome to Elkview; Visitor Presentation 2014 September 11, 2014 Don Sander, GM, Elkview

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 our mine lives, coal reserves and resources and development plans. These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary materially. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general business and economic conditions, interest rates, the supply and demand for, inventories of, and the level and volatility of prices of coal, the timing of receipt of regulatory and governmental approvals for Teck s coal development plans, Teck s costs of production and production and productivity levels, as well as those of its competitors, market competition, the accuracy of Teck s reserve and resource estimates and the geological, operational and price assumptions on which these are based, the resolution of environmental matters, our ongoing relations with our employees, the availability of financing for development projects and the future operational and financial performance of the company generally. 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: unanticipated developments in business and economic conditions in the principal markets for Teck s products or in the supply, demand, and prices for coal, inaccurate geological or metallurgical assumptions, unanticipated operational difficulties, government action or delays in the receipt of permits or government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters, and changes in general economic conditions or conditions in the financial markets. Certain of these risks are described in more detail in Teck s annual information form available at and in public filings with the SEC at Teck does not assume the obligation to revise or update these forwardlooking 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. 2

3 Agenda Safety Overview of Elkview Tour Highlights 3

4 Safety Information 1 st Floor Harmer Exits 1 st floor North entrance 1 st floor East entrance Fire Alarm / Assembly Area Electrical shop (primary) Steam bay (secondary) AED Main floor on the wall of the LPO office or call

5 Safety Share 5

6 Agenda Safety Overview of Elkview Tour Highlights 6

7 Elkview Operations 7

8 Elkview History Mining for Over a Century Safety Environment People Technology Originally an underground mine, owned by the CNP Coal Co. In 1969, Kaiser Resources purchased the mine - Fundamental shift in mining method from underground to large scale, open pit mining. - ~1 million tons annually still came from underground - Prototype for large mining equipment - First four 2800 s in the world ( ) ton trucks in world s largest truck (Terex Titan) Teck has owned and operated Elkview since

9 Employee Distribution Mine 549 Maintenance 277 Processing 139 Warehouse 16 Administration 89 Total 1,070 9

10 Geology 16 main coal seams Aggregate coal thickness 60 meters 10 seam represents +60% of clean reserve Mineable seams range from 0.75 to 15+ meters thick 10

11 Coal Reserves Baldy Ridge 64% of EVO Coal Reserves 70% of 10 Seam Reserve Natal Ridge 36% of EVO Coal Reserves 30% of 10 Seam Reserve More upper seams Sequence plunges to south Reserve of 186 M mtcc Reserve strip ratio ~8:1 bcmw/mtcc 29-year mine life at current production rates 731 million raw metric tonnes (measured & Indicated) 11

12 Mining Equipment Shovels - Current Fleet of P&H 4100XPB/C (53m 3 ) P&H 4100/A (42m 3 ) P&H 2800XP (26m 3 ) Haul Trucks - Current Fleet of x 320 t - 17 x 240 t Drills (13 ¾ ) - Current Fleet of P&H 120A BE 49RIII Production Summary (2013A) Waste Mined 63.0 MBCM Raw Coal Mined 4.9 MBCM Clean Strip Ratio 12:1 Clean Coal Produced 5.2 Mtcc 12

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21 Coal Handling System 21

22 Process Plant Current annual capacity ~7.1 Mtpa Tailings pumped to containment in Erickson Valley 22

23 Environment Field Activities: Steps of Reclamation Re-sloping Site Prep. Planting Seeding Fencing Researching Fertilizing 23

24 Environment Changes to Landscape Previous Current 24

25 Environment Changes to Landscape Before (2004) After (2010) Removed mine debris Stabilized bank Re-vegetated 25

26 Agenda Safety Overview of Elkview Tour Highlights 26

27 Tour Highlights 27

28 Questions? 28

29 Welcome to Elkview; Visitor Presentation 2014 September 11, 2014 Don Sander, GM, Elkview