Caution Regarding Forward-Looking Statements
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The videos contained within the Teck Direct section of www.teck.com contain certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) and comparable legislation in other jurisdictions. Statements in these presentations that do not relate to matters of historical fact are forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These forward-looking statements include estimates, forecasts, and statements as to management’s expectations concerning the results of Teck’s business and the repayment or refinancing of debt incurred in connection with the Fording acquisition, including estimates of sales, cash flows, earnings and future debt levels of Teck, expectations regarding the completion of asset sales, Teck’s financial ratios and the actions of rating agencies, the supply and demand for metallurgical coal and other commodities, potential asset sales proceeds, demand for metallurgical coal and business conditions affecting the metallurgical coal business generally, Teck’s development and expansion plans for various assets, the potential for further value creation at various projects, the potential for expansion of Teck’s coal business and the prospects for the Fort Hills Oil Sands project. These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary materially. These statements are based on a number of assumptions, including, among others, assumptions regarding general business and economic conditions, conditions in financial markets, commodity prices, interest rates, costs of construction and costs of production, production and productivity levels, market competition, and receipt of necessary approvals. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to differ materially.
Factors that may cause actual results to vary include, but are not limited to, risks relating to the operation of Teck’s mines, the further exploration and development of Teck’s projects, business and economic conditions in the mining and metallurgical coal industries generally, changes in commodity prices, changes in interest or currency exchange rates, inaccurate geological or engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources), failures in performance by contractual counterparties, actions of taxation authorities, unanticipated operational difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), political risk, social unrest, changes or deterioration in
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general economic conditions or conditions in the financial markets and the banking and debt capital markets, and other risk factors as detailed from time to time in Teck’s reports filed with Canadian securities administrators and with the United States Securities and Exchange Commission. The date at which the statements in these videos were made are noted on the videos. Teck does not undertake any obligation to update forward looking statements except as required under securities laws.