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Communities & Red Dog Mine November 2015 Why It Works Tecks - - PowerPoint PPT Presentation
Communities & Red Dog Mine November 2015 Why It Works Tecks - - PowerPoint PPT Presentation
Communities & Red Dog Mine November 2015 Why It Works Tecks Approach to Communities Our Vision: We build strong relationships and create lasting mutual benefits based on respect for what communities value. We work to create mutual
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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
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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.
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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
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*Including on-site, year-round contractors
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$0 $2 $4 $6 $8 $10 $12 $14 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Millions Year
Northwest Arctic Borough Payments In Lieu of Taxes (PILT)
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Total: $127.9M
Historically the PILT accounts for 70% - 80%
- f total budgeted General Fund revenues for
the Northwest Arctic Borough.
Red Dog Capital Investment Recovered
Year PILT Payment 2011 12,132,438 $ 2012 10,938,685 $ 2013 11,000,380 $ 2014 11,501,954 $ 2015 12,041,775 $
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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
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The “Intangibles”
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