communities & red dog · pdf filered dog’s contributions annual average jobs* ~ 550...
TRANSCRIPT
Communities & Red Dog Mine November 2015
Why It Works
Teck’s Approach to Communities
We work to create mutual benefits by: • Delivering shared value: providing local
employment and economic benefits • Minimizing negative impacts: including
those affecting the local environment and social landscape
• Respect and transparency: Developing and maintaining trust-based relationships with local communities
We provide community investments that: • Meet community development priorities • Focus on one of four categories: health,
education, environment, and community
3
Our Vision: We build strong relationships and create lasting mutual benefits based on respect for what communities value.
Teck donates approximately 1% of our annual pre-tax earnings on a five-year rolling average
basis.
Red Dog’s Contributions
Annual average jobs* ~ 550 Average salary of a Red Dog employee $99,000 Total wage impact in NWAB $65 million
Annual State and Federal Taxes Paid ~$100 million Spend on goods and services within the state of Alaska $158 million NANA 7(i) payments from Red Dog $1B royalty $617 million
4
*Including on-site, year-round contractors
$0 $2 $4 $6 $8
$10 $12 $14
1990
19
91
1992
19
93
1994
19
95
1996
19
97
1998
19
99
2000
20
01
2002
20
03
2004
20
05
2006
20
07
2008
20
09
2010
20
11
2012
20
13
2014
20
15
Mill
ions
Year
Northwest Arctic Borough Payments In Lieu of Taxes (PILT)
5
Total: $127.9M
Historically the PILT accounts for 70% - 80% of total budgeted General Fund revenues for the Northwest Arctic Borough.
Red Dog Capital Investment Recovered
Year PILTPayment2011 12,132,438$2012 10,938,685$2013 11,000,380$2014 11,501,954$2015 12,041,775$
Regional and Community Support
NBA Student Incentive Program
Teck John Baker Youth Leaders
NANA Nordic
Kivalina General Store fire
Noatak Youth Centre
Village Seed Collection
Project
Noatak Fuel Haul Program
$2.2 million invested directly in community programs since 2012
The “Intangibles”
7