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 temporarily suspended operations at the Antamina mine as part of its response to COVID-19. The Peruvian Government has allowed Antamina to change out its previously reduced workforce, which has been in place at site since the Peruvian national state of emergency [...]
Teck Resources Ltd. announced today that in light of the ongoing global COVID-19 pandemic and the temporary closure of the original venue described in the Notice of Meeting dated February 28, 2020 previously sent to shareholders, the annual meeting of shareholders scheduled for Tuesday, April 21, 2020 will now be held at Teck’s head office in Vancouver located at Suite 3300 – 550 Burrard Street. As previously advised, in [...]
Teck Resources Ltd. today provided an update on Q1 2020 operations, preventative measures taken with respect to COVID-19 and updated its 2020 annual guidance. “Notwithstanding the challenges in the month of March related to COVID-19, all of our operations remain in production and our steelmaking coal results significantly exceeded guidance,” said Don Lindsay, President and CEO. “We remain focused on ensuring we have the [...]
Teck Resources Ltd. today announced an update to its capital estimate for the Quebrada Blanca Phase 2 project. At sanction in December 2018, the estimated escalated capital cost of the project was US$5.2 billion1. The updated estimate remains at US$5.2 billion2, and the go forward funding requirement from April 1, 2020 is estimated at US$ $3.9 billion3, assuming a CLP/USD rate of 775 over the remainder of the project [...]
Teck Resources Ltd. announced today that it is postponing its Teck?s 2019 Sustainability Review conference call, previously scheduled for 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time on April 1, 2020. The call will be rescheduled at a later date. The QB2 Project Update and annual Business Review remains scheduled for 1:00 p.m. to 2:00 p.m. Eastern Time/ 10:00 a.m. to 11:00 a.m. Pacific Time on April 1, 2020. The [...]
Teck Resources Ltd. announced that in light of depressed prices for Western Canada Select, and to reduce negative cash flow from Fort Hills, the Partners in the Fort Hills limited partnership have decided to temporarily operate Fort Hills as a single train facility. Assuming ongoing production at Fort Hills on this basis through the balance of 2020, Suncor, as operator, advises that it now expects Fort Hills production to [...]
Teck Resources Ltd. announced today a temporary suspension of construction activities at its Quebrada Blanca Phase 2 project to ensure employee safety and support Chilean efforts to limit transmission of COVID-19. This suspension will be for an initial two-week period, at which point Teck will re-assess the status of the project in light of the rapidly evolving COVID-19 situation. The suspension will affect a total of [...]
Teck Resources Ltd. announced today that Compania Minera Antamina, in which Teck has a 22.5% interest, continues to operate the Antamina mine under an exemption from recently announced Peruvian Government restrictions imposed in response to the COVID-19 pandemic. Critical operations will be maintained by a reduced workforce throughout the 15-day national emergency quarantine period. Appropriate precautions are being taken [...]
Teck is implementing extensive preventative measures across its offices and operations in order to safeguard the health of its employees, while continuing to operate safely and responsibly maintain employment and economic activity. All Teck corporate offices have been closed and remote work implemented for all employees able to do so. Other measures being put into place at Teck’s operations include: Reducing or [...]
Teck Resources Ltd. announced today that in light of ongoing concerns related to the spread of COVID-19, and in order to mitigate potential risks to the health and safety of its shareholders, employees, communities and other stakeholders, Teck is encouraging shareholders and others not to attend in person Teck’s annual meeting to be held on Tuesday, April 21, 2020. Shareholders are encouraged to vote on the matters [...]
In a release issued under the same headline on Thursday, March 12th by Teck Resources Ltd. , please note that in the Climate Change section of the table, the third bullet should have read "Procure 50% of our electricity demands in Chile from clean energy by 2025 and 100% by 2030". The corrected release follows: Teck Resources Ltd. today announced a target to reduce carbon intensity by 33% by 2030 as part of its new [...]
Teck Resources Ltd. today announced a target to reduce carbon intensity by 33% by 2030 as part of its new sustainability strategy and goals. This builds on the Teck’s previously announced commitment to be carbon neutral across all its operations and activities by 2050. “At Teck, we are always challenging ourselves to improve sustainability performance, so we can be sure we are providing the mining products [...]
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