Teck Outlines Economic Contributions to Communities and Regions
December 20 2022 - 10:56AM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) released its annual Economic Contribution Report today,
outlining how Teck generated $20.1 billion in total economic
contribution to global GDP; created or sustained over 214,000 jobs;
made payments of $10.4 billion to suppliers; and contributed $5.1
billion in taxes and government revenues to governments across the
world at direct, indirect and induced levels.
“Our people are proud to contribute to the communities and
jurisdictions where we operate through creation of
family-supporting jobs, economic activity, and revenue to
governments to support essential services like education and
healthcare,” said Jonathan Price, CEO. “These economic
contributions are directly linked with our work to responsibly
provide critical minerals essential to modern society and for the
global transition to a low-carbon economy.”
Economic highlights for 2021 from each country where Teck
operates include:
Canada:
- Teck’s operations contributed
$10.9 billion to Canada’s GDP, which included
$3.7 billion in labour income; payments of
$4.7 billion to Canadian suppliers; and
approximately 65,360 jobs were created or
sustained.
United States:
- Teck’s operations contributed
$2.2 billion to the United States’ GDP, which
included $840 million in labour
income; payments of $1.8 billion to U.S.
suppliers; and approximately 11,620 jobs
were created or sustained.
Chile:
- Teck’s operations contributed
$3.0 billion to Chile’s GDP, which included
$1.3 billion in labour income; payments of
$2.2 billion to Chilean suppliers; and
approximately 82,360 jobs were created or
sustained.
Peru:
- Teck’s operations contributed
$1.4 billion to Peru’s GDP, which included
$240 million in labour income; payments of
$430 million to Peruvian suppliers; and
approximately 15,510 jobs were created or
sustained.
Prepared by Deloitte, Teck’s annual Economic Contribution Report
details the economic benefits created in the communities and
jurisdictions where Teck operates, including payments to suppliers,
employee wages and benefits, and payments to governments. It
captures not only Teck’s direct economic impacts, but also the
indirect impacts which arise from generating demand for goods and
services provided by our suppliers and the induced impacts which
arise from salaries and wages earned as a result of our
operations.
For more information and to download Teck’s 2021 Economic
Contribution Report, click here
About TeckAs one of Canada’s leading mining
companies, Teck is committed to responsible mining and mineral
development with major business units focused on copper, zinc, and
steelmaking coal. Copper, zinc and high-quality steelmaking coal
are required for the transition to a low-carbon world.
Headquartered in Vancouver, Canada, Teck’s shares are listed on the
Toronto Stock Exchange under the symbols TECK.A and TECK.B and the
New York Stock Exchange under the symbol TECK. Learn more about
Teck at www.teck.com or follow @TeckResources.
Media ContactChris StannellPublic Relations
Manager 604.699.4368chris.stannell@teck.com
Investor ContactFraser PhillipsSenior Vice
President, Investor Relations & Strategic Analysis
604.699.4621fraser.phillips@teck.com
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