July 17, 2019 — Teck has released its third annual Economic Contribution Report, detailing the direct economic benefits created in the communities and jurisdictions where we operate, including payments to suppliers, employee wages and benefits, and payments to governments.
In 2018, Teck provided economic benefits including:
- $11 billion in total economic contribution across all areas where we operate
- $1.7 billion in payments to different levels of government
- $1.6 billion in wages and benefits to over 10,000 employees worldwide
- $7.9 billion in spending with suppliers, supporting further jobs and activity
Teck has a long history of providing detail and disclosure on our tax and economic contribution. Through our Annual and Sustainability Reports, Teck discloses taxes accrued and paid in accordance with applicable accounting standards and has supplemented this with additional voluntary disclosure.
Our annual Economic Contribution Report provides even greater detail, as a standalone report of our payments to governments and other economic contribution, including wages and supplier spending. In this report, we provide an analysis of our tax payments in 2018 by type, country and level of government. We also include additional detail on the value Teck generates for the communities in which we operate, including Indigenous communities, through wages, payments to suppliers and contractors, and other economic activities.
For more information and to download Teck’s 2018 Economic Contribution Report, visit the Teck website at: https://www.teck.com/responsibility/featured-topics/economic-contributions/
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its 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.
Senior Vice President, Investor Relations & Strategic Analysis
Public Relations Manager