Teck Resources Ltd. announced today the signing of a new US$1 billion unsecured two-year revolving credit facility, the closing of its previously announced US$550 million offering of ten-year notes and the results of the previously announced cash tender offers for its US$539 million of outstanding notes maturing in 2021, 2022 and 2023. “Teck’s already strong liquidity will be further augmented with these transactions [...]
Teck Resources Ltd. has been recognized as one of the top 50 companies in Canada for corporate citizenship, being named to the Best 50 Corporate Citizens in Canada ranking by Corporate Knights. This marks the 14th consecutive year Teck has been named to the Best 50. “This recognition is made possible by our employees who ensure that sustainability is central to everything we do,” said Don Lindsay, President and CEO. “Teck [...]
Teck Resources Ltd. announced today that it has priced an offering of senior unsecured notes. Teck will issue US$550 million principal amount of 10-year senior unsecured notes, which will bear interest at the rate of 3.900% per annum. The offering is expected to close on or about June 30, 2020, subject to customary closing conditions. The net proceeds from the offering of the notes are expected to be approximately [...]
Teck Resources Ltd. announced today that it has commenced cash tender offers for any and all of its outstanding 4.500% Notes due 2021 , 4.75% Notes due 2022 and 3.750% Notes due 2023 . The Offers are being made on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof , and the related Notice of Guaranteed Delivery attached to the Offer to Purchase . The Offer to Purchase and the [...]
Teck Resources Ltd. announced today that Compania Minera Antamina, in which Teck has a 22.5% interest along with BHP , Glencore and Mitsubishi Corporation , has now resumed operations at the Antamina mine. Antamina has mobilized a reduced operating workforce and plans to start off at roughly 80% of full capacity, with a gradual ramp-up to full production expected in the third quarter. Comprehensive COVID-19 protocols are [...]
Teck Resources Ltd. announces that the company will hold a conference call to discuss its 2019 Sustainability Report and updated sustainability strategy at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Wednesday, June 3, 2020. The conference call dial-in is 416.340.2216 or toll free 800.273.9672, no pass code required. Media are invited to attend on a listen-only basis. A live audio webcast of the conference call [...]
Teck Resources Ltd. President and Chief Executive Officer, Don Lindsay will be presenting at the Bank of America Securities Global Metals, Mining & Steel conference on Tuesday, May 12, 2020 at 3:20 p.m. Eastern/12:20 p.m. Pacific time. The investor presentation will include information on company strategy, financial performance, and outlook for the company’s business units. The presentation will be webcast through the [...]
Teck Resources Ltd. announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual and Special Meeting of Shareholders held Tuesday, April 21, 2020 in Vancouver, British Columbia. A total of 6,006,592 Class A common shares and 383,118,022 Class B subordinate voting shares were voted at the meeting, representing 76.14% of the votes attached to all outstanding shares [...]
Teck Resources Ltd. reported adjusted EBITDA of $608 million for the first quarter of 2020 compared with $1.4 billion a year ago. Adjusted profit attributable to shareholders was $94 million compared with $587 million a year ago. “Our current focus is on managing the risks around COVID-19 and ensuring we have the necessary measures in place to safeguard our people and our local communities,” said Don Lindsay, President [...]
Teck Resources Ltd. announced today that it will pay an eligible dividend of $0.05 per share on its outstanding Class A common shares and Class B subordinate voting shares on June 30, 2020, to shareholders of record at the close of business on June 15, 2020. About Teck Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking [...]
Teck Resources Ltd. today announced the creation of a $20-million fund to support COVID-19 response and future recovery efforts. This funding will go to support critical social initiatives and increased healthcare capacity, including procuring one million masks to be donated for healthcare in British Columbia. Don Lindsay, Teck President and CEO said: “The global health crisis posed by COVID-19 is unlike anything [...]
Teck Resources Ltd. will release its first quarter 2020 earnings results on Tuesday, April 21, 2020 before market open. The company will hold an investor conference call to discuss the first quarter 2020 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Tuesday, April 21, 2020. The conference call dial-in is 416.340.2216 or toll free 800.273.9672, no pass code required. Media are invited to attend on [...]