Highland Valley copper operations in British Columbia. Image from Teck Resources.
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) contributed $20.1 billion in total economic contribution to global GDP; created or sustained over 214,000 jobs; made payments of $10.4 billion to suppliers; and contributed $5.1 billion in taxes according to the company’s annual economic contribution report.
The report, prepared by Delottie, says Teck’s operations contributed $10.9 billion to Canada’s GDP, which included $3.7 billion in labour income; payments of $4.7 billion to Canadian suppliers; and approximately 65,360 jobs were created or sustained. In the United States, the report credits Teck with contributing $2.2 billion to the United States’ GDP, which included $840 million in labour income; payments of $1.8 billion to U.S. suppliers; and approximately 11,620 jobs were created or sustained.
