Teck has a 21.3 per cent stake in the 180,000-bpd Fort Hills oilsands mine, which is operated by Suncor Energy Inc., and though oil prices have risen enough that the project is no longer losing money, it is not yet operating at full capacity.
At that point, possibly, the oil business “could be rolled into another company as part of a consolidation play and taking back shares.
Earlier this year, two provinces in China, Tangshan and Handan, which together account for eight per cent of global steel production, announced environmental measures that will curtail steel production in order to reduce pollution.
Even now, as QB2 is under construction, his company is working on a pre-feasibility study of QB3, a further expansion of the same copper ore body in Chile.
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