Risk and valuation analysis of the Elkview Coal Mine (Balmer Mine) |
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Title(s) of the Elkview Coal Mine (Balmer Mine) |
| Teck Resources Limited Interest: 95% |
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Teck Coal has a 95% partnership interest in the Elkview mine. The remaining 5% is held equally by Nippon Steel Corporation and POSCO, a Korean steel producer, each of which acquired a 2.5% interest in 2005 for US$25 million. |
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Location of the Elkview Coal Mine (Balmer Mine) |
The Elkview mine is located in the Elk Valley region of the southeastern British Columbia, 15 kilometres from Sparwood. The mine is located between the Coal Mountain mine to the south and the Line Creek mine to the norht.
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History of the Elkview Coal Mine (Balmer Mine) |
Elkview Operations has the largest amount of reserves of the six Teck coal mines. With over 235 million tonnes of clean coal reserves, the mine life is more than 47 years at current production rates. Elkview is proud of its 35-year operating history, and of the fact it has successfully reclaimed over one-quarter of the land disturbed over the past four decades.
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