A red Canadian maple leaf adorns a dome at Highland Valley, which is now part of Teck’s North American
business unit. (Photo: Teck)

“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 shareholders and all stakeholders,” said Jonathan Price, president and CEO, Teck Resources. “This change simplifies our business with a streamlined executive leadership team (see People in the News, p. 10) regional structure to support our strategy focused on growth in copper, balanced with shareholder returns and the longterm resiliency of our business.”

The new business structure organizes Teck around two regional business units: • The North America business unit, which includes Highland Valley Copper, Red Dog and Trail operations, and the Galore Creek, Schaft Creek, and New Range copper growth projects. • The Latin America (LATAM) business unit, which includes Carmen de Andacollo and Quebrada Blanca operations, Teck’s interest in Antamina, and the Zafranal, San Nicolas, and Nueva- Unión copper growth projects.

The North America and LATAM business units will be supported by enterprise-wide functions and a dedicated projects group that will develop and execute brownfield and greenfield projects.