Altius
This project is part of our
All-Canadian royalty portfolio

Cheviot (metallurgical coal)
Prairie Royalties

Location
west central Alberta, Canada

Operator
TECK
www.teck.com

Commodity
Metallurgical Coal

Asset Profile
2018 Royalty Revenue $3.2 million
Annual production capacity 2.0 mt
Reserves 16,700 t (as per Teck's 2017 AIF)
Estimated Mine Life contingent on current 2019 MacKenzie Redcap detailed design study, which has the potential to extend Cheviot operations for approximately 8 years beyond planned closure in 2020

The Cheviot (Cardinal River) metallurgical coal mine is wholly owned by Teck Resources and is located in west central Alberta. The Cheviot (Cardinal River) metallurgical coal mine is wholly owned by Teck Resources and is located in west central Alberta. Royalty revenue from Cheviot is based upon the realized selling price of Cheviot metallurgical coal and varies with market price.

Teck announced plans to invest approximately $12 million to complete and evaluate the MacKenzie Redcap detailed design study. MacKenzie Redcap development is expected to supply approximately 1.8 million tonnes of steelmaking coal production per year and has the potential to extend Cardinal River Operations for approximately eight years beyond the planned closure in 2020.

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