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Canada's Teck Resources approves Highland Valley copper mine life extension through 2046
(Reuters) -Canadian miner Teck Resources said on Thursday it had approved the construction of a life extension project at its Highland Valley Copper mine in British Columbia, which will keep Canada's largest copper mine operating through 2046. The Highland Valley Copper Mine Life Extension project is expected to support average copper production of 132,000 metric tonnes per year over the life of the mine, the company said in a statement. "This extension of Canada's largest copper mine is foundational to our strategy to double copper production by the end of the decade," CEO Jonathan Price said. "Given the strong demand for copper as an energy transition metal, the project will generate a robust IRR and secure access to this critical mineral for the next two decades." Last October, Teck trimmed its full-year copper production forecast, citing mining delays and labour challenges at Highland Valley Copper mine. The life extension project, set to begin in August, would maintain approximately 1,500 direct jobs and is expected to create around 2,900 jobs during the construction phase, the company said. The capital cost of the project is estimated at C$2.1 billion ($1.54 billion) to C$2.4 billion ($1.76 billion) and will be invested from the second half of 2025 through 2028, the company added. The mine's life was previously projected to run through 2028 before the extension project was approved. ($1 = 1.3602 Canadian dollars)
Yahoo
19 minutes ago
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Tyton Partners and Ufi Ventures Release Q2 2025 VocTech Market Report: AI Shockwaves, UK Industrial Strategy, and Transatlantic Divergence Take Centre Stage
LONDON, July 24, 2025 (GLOBE NEWSWIRE) -- Tyton Partners, the leading strategy consulting and investment banking firm focused on the education sector, and Ufi Ventures, the UK's specialist investor in vocational technology (VocTech), today released their Q2 2025 VocTech Market Report. This quarterly publication explores the trends shaping vocational learning and workforce development across the UK, Europe, and North America. The second quarter of 2025 has been marked by increasing anxiety around artificial intelligence's disruptive impact on labour markets, a wave of significant UK policy announcements, and early signs of capital rotation from the US to Europe amid political volatility. Vocational education and training remain firmly in the spotlight as policymakers and investors confront mounting challenges tied to youth disengagement, employment shifts, and rapid technological change. Key Takeaways Labour markets are causing concern, even in the US. The UK government made a series of major policy announcements, many of which see increased investment in key sectors and skills. The detail is important and not yet here. Big Tech companies – including 'hyperscalers' such as OpenAI – are muscling in to the education space, likely in search of long-term users and increased engagement. The future of junior white-collar workers, and how they should be trained, is a key focus of debate. Being conscious of what may have previously been taken for granted (informal 'learning by doing' in particular) looks important. Companies who facilitate AI-driven HR workflows are raising sizeable funding, with some European businesses closing unusually large €20m+ Series A rounds. Alongside UK reforms, policy developments in the US and Europe are creating new dynamics. Germany's coalition is advancing ambitious investment programmes. In the US, escalating attacks on higher education and the erratic policy environment under the Trump administration may be triggering a shift of capital and student interest to the UK and Europe. Helen Gironi, Director at Ufi Ventures, commented: 'AI is shaking up workforce development from every angle. Employers, policymakers and learners are all being forced to adapt. At Ufi Ventures, we see opportunity in this disruption, but only for those who are ready to innovate and act with clarity.' Nick Kind, Managing Director at Tyton Partners, added: 'We are seeing a critical turning point. AI is accelerating change, but it is also highlighting systemic gaps in skills and training. With new policy commitments in the UK and a capital environment in flux, the landscape is as complex as it is promising. This report offers grounded insight into how to respond.' To access the full Q2 2025 VocTech Market Report, visit: About Tyton Partners Tyton Partners is the leading provider of strategy consulting and investment banking services to the global knowledge and information services sector. With offices in Boston and New York City, the firm has an experienced team of bankers and consultants who deliver a unique spectrum of services from mergers and acquisitions and capital markets access to strategy development that helps companies, organizations, and investors navigate the complexities of the education, media, and information markets. Tyton Partners leverages a deep foundation of transactional and advisory experience and an unparalleled level of global relationships to make its clients' aspirations a reality and to catalyze innovation in the sector. Learn more at About Ufi Ventures Ufi Ventures is the investment arm of Ufi VocTech Trust. Ufi supports the adoption and deployment of technology to improve skills for work and deliver better outcomes for all. By leveraging its depth of experience Ufi Ventures supports its growing portfolio through access to capital, and its wide expert pool and network. Learn more at Media ContactZoe Wright-NeilDirector of Marketing and Business Developmentzwrightneil@ Partners
Yahoo
19 minutes ago
- Yahoo
Canada's Teck Resources beats quarterly profit estimates
(Reuters) -Canadian miner Teck Resources beat second-quarter profit estimates on Thursday, helped by improved profitability at its Trail Operations. The company reported an adjusted profit of 38 Canadian cents per share for the quarter ended June 30, compared with analysts' average estimate of 27 Canadian cents per share, according to LSEG data. Sign in to access your portfolio
