Daily Newsletter

26 October 2023

Daily Newsletter

26 October 2023

Teck to rework on Quebrada Blanca Mill Expansion permit application

Following feedback from regulators, the company has withdrawn the original application sought for the QBME project.

Archana Rani October 25 2023

Canadian miner Teck Resources plans to draft a new version of its environmental permit to expand a mill at its Quebrada Blanca copper mine in Chile.

Following feedback from regulators, the company has withdrawn the original application sought for the Quebrada Blanca Mill Expansion (QBME) project.

Teck said it plans to consider the feedback and better understand the full capability of Quebrada Blanca prior to submitting a revised permit application.

The revised application is expected to add 12 months to the overall regulatory process for the project, from the submission date, Teck said.

In a press statement, Teck said: “Teck does not anticipate a sanction decision on QBME prior to completion of ramp up and assessment of the full capability of the existing QB asset and receipt of regulatory approval.”

The QBME project aims to increase the throughput of Quebrada Blanca by leveraging existing tailings and other infrastructure with a reduced additional footprint.

Teck owns a 60% stake in Quebrada Blanca while a 30% stake is jointly controlled by Sumitomo Metal Mining and Sumitomo Corp. The remaining 10% is owned by Chilean state-run Enami, according to Reuters.

The Canadian miners plan to commission the Quebrada Blanca Phase II project later this week.

In August 2023, Bloomberg reported that Indian steel producer JSW Steel was looking to form a consortium to bid for a majority stake of 75% in Teck's steelmaking coal business Elk Valley Resources.

The move follows Teck’s proposal announced earlier this year for a partial sale of its steelmaking coal business to interested parties.

IoT and its potential impact on the mining value chain

IoT solutions enable mining companies to automate workflows, improve efficiency while reducing costs, and improve safety and ESG credentials across the whole value chain. IoT supports mining operations such as autonomous drilling, driverless haul trucks, health and safety monitoring, energy management, and environmental monitoring. IoT technologies enabling these mining operations include drones, wearable tech, proximity detection sensors, and autonomous trucks.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close