Don Lindsay, who will leave by the end of September, led a number of large deals during his time at Teck, but also received criticism from investors over his pay and performance.
The world’s biggest miner of the precious metal is rerouting shipments as many of its usual customers shun its goods following the invasion of Ukraine.
Over a 21-year mine life, Mont Sorcier's annual production target is set at 5Mt of high-grade, low-impurity iron concentrate grading 65% iron with 0.52% V2O5 per tonne.