TECK lowered its forecast for copper production at the Chilean Quebrada Blanca mine

The Canadian mining company TEck Resources Ltd. has lowered its forecast for copper production at a key Chilean facility following a comprehensive audit of operations launched in August. In 2026, the production volume will be 200-235 thousand tons (preliminary forecast is 280-310 thousand tons), in 2027 - 240-275 thousand tons (280-310 thousand tons), in 2028 - 220-255 thousand tons (270-300 thousand tons). Tail extension.

The Quebrada Blanca mine is key to the merger agreement between TEck and Anglo American, Bloomberg notes.

The companies announced a planned "merger of equals" and a merger with Anglo TEck for a total of $50. The publication of the updated forecast of its partner Anglo American states that its plans for the agreement have not changed, and the new estimates of copper production provided by TEck are generally consistent with the results of the examination conducted by Anglo American before the operation.