Teck Holds Up Growth Plans to Focus on Chile Copper Mine

Teck Resources Ltd. is deferring decisions on major growth projects to focus on fixing issues that have held back its flagship copper mine in Chile, underscoring the industry’s struggle to meet growing demand.

The Canadian miner began a review of the Quebrada Blanca operation in a bid to improve drainage from the tailings facility, it said in a statement late Tuesday. It also announced personnel changes, including the retirement of Chief Operating Officer Shehzad Bharmal and the hiring of a special adviser.