Teck Resources CEO Don Lindsay discusses copper growth

Don Lindsay is the CEO of Teck Resources, a diversified resource company with leading coal, copper, zinc, and steelmaking positions. Teck Resources Corporation, a copper and gold exploration and development company, is committed to creating shareholder value by being debt-free and cash-flow positive with excellent margins in the mining industry.

The copper outlook remains buoyant as demand fundamentals increase, new technologies emerge, and costs fall. The current global deficit of copper is expected to persist for many years, leading to margin expansion opportunities over this time frame.

Copper production at Quebrada Blanca Phase 2 will commence in late 2018. We have been fortunate with the weather conditions and are pleased with the progress.

We plan to use desalinated seawater as part of our process to separate the copper-copper sulfide concentrates produced during mining at Quebrada Blanca. Teck’s refineries will use these metals. At the same time, the by-products of the project will be disposed of using technologies that have been approved by the Chilean government and that meet environmental standards set by local authorities.

According to Don Lindsay, CEO of Teck Resources, the constitutional reform process underway in Chile is critical. He notes that many important issues are at stake, including adjustments to the royalties structure and an increase in direct taxation to ensure that the government can afford its current level of spending. Don Lindsay also comments on other important factors, such as Chile’s strategic location and plentiful natural resources.

The constitutional reform process has been underway for some time. We expect that the new constitution will be passed by mid-2017 and effective in 2018, after which applicable bodies in the country will need to ratify it. We are supportive, but with the political situation as it is at present, there are still many issues that we would like to see resolved.

As a result of this fundamental change to Chile’s structure of government, taxation will very likely increase significantly over the next few years.

Read on to learn more about Don Lindsay at https://donlindsay.me/

Don Lindsay is the CEO of Teck Resources, a diversified resource company with leading coal, copper, zinc, and steelmaking positions. Teck Resources Corporation, a copper and gold exploration and development company, is committed to creating shareholder value by being debt-free and cash-flow positive with excellent margins in the mining industry. The copper outlook remains buoyant…