https://www.teck.com/media/Q3-2019NR-Quarterly.pdf

No major spending in 2020 due to market uncertainty! There it is.

Copper Fox put the "for sale" sign up!

Other Copper Projects During the quarter, NuevaUnión continued to advance its feasibility study, expected to be complete by the end of 2019, with a review of study results planned in early 2020. The partners have agreed to defer submission of the Environmental Impact Assessment (EIA) from the previously announced fourth quarter of 2019 timeframe. Work in 2020 will focus on value-adding enhancements and further optimization work, including a review of alternative port locations. The timeline for submission of the EIA will be driven by the results of optimization studies, as well as market conditions.

Teck and our partners continue to advance the development of five substantial base metals projects, Zafranal, San Nicolás, Galore Creek, Mesaba and Schaft Creek; collectively referred to as the Satellite assets.

As a result of current market conditions and our focus on optimization work, expenditures on NuevaUnión and the Satellite assets are expected to be significantly reduced in 2020 and for the fourth quarter of 2019. We expect our 2019 capital expenditures to be $20 million lower than our previous guidance.