Other Copper Projects

During the second quarter, NuevaUnión continued to advance its Feasibility Study, which commenced in the third quarter of 2018 and is expected to be completed in late 2019. The project team continues to work closely with local communities and is preparing to submit an Environmental Impact Assessment to the regulatory authorities before the end of 2019.

Teck and our partners continue to advance the development of five substantial base metals projects collectively referred to as the Satellite assets: Zafranal, San Nicolás, Galore Creek, Mesaba and Schaft Creek. At Zafranal, feasibility engineering was completed in the first quarter of 2019, which demonstrates competitive investment returns. Submission of the Zafranal Social and Environmental Impact Assessment (SEIA), originally scheduled for the second quarter of 2019, has been delayed to the second half of the year due to minor improvements to the project configuration and additional pre-submission reviews by the Peruvian regulator. At San Nicolás, a Prefeasibility Study and SEIA are advancing as planned, each of which is scheduled for completion in early 2020. At Galore Creek, a drill program and field studies were initiated in May 2019. Scoping studies are underway at Schaft Creek and Mesaba that are supported by field programs, and social and environmental baseline work.