Teck Resources Ltd. today filed its annual audited financial statements for the year ended December 31, 2019. As previously disclosed on February 23, 2020, subsequent to the release of Teck’s unaudited financial results for the fourth quarter of 2019, Teck withdrew the regulatory application for the Frontier Project. As a consequence, under IFRS, Teck was required to assess the carrying value of the Frontier Project [...]
Teck Resources Ltd. today announced it is withdrawing the Frontier Project from the regulatory review process. Teck CEO and President Don Lindsay has written to the federal Minister of Environment and Climate Change outlining the reasons for the withdrawal. The letter is available here and included below. As a result of this decision Teck will write down the $1.13 billion carrying value of the Frontier Project. About Teck [...]
Teck Resources Ltd. reported unaudited adjusted EBITDA of $4.3 billion in 2019 compared with $5.4 billion in 2018. Our 2019 unaudited adjusted profit attributable to shareholders was $1.6 billion compared with $2.4 billion in 2018. In the fourth quarter, adjusted profit attributable to shareholders was $122 million compared with $500 million in the fourth quarter of last year. “Ongoing global economic uncertainty [...]
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 March 31, 2020, to shareholders of record at the close of business on March 13, 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. President and Chief Executive Officer, Don Lindsay will be presenting at the BMO Capital Markets 29th Annual Global Metals & Mining conference on Monday, February 24, 2020 at 11:30 a.m. Eastern/8:30 a.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 Board of Directors of Teck Resources Ltd. announced today that Sheila Murray has been appointed as Board Chair, effective immediately. Ms. Murray was appointed Acting Board Chair following the resignation of Dominic Barton on September 4, 2019. She has served on Teck’s Board since April 2018. She is the former President of CI Financial Corp., and had a distinguished career practicing corporate and securities law [...]
Teck Resources Ltd. announced today that steelmaking coal sales for the first quarter of 2020 are being affected by bad weather in British Columbia causing rail and terminal performance issues. Among other issues, heavy snow and extreme cold in January and rock and mud slides have affected rail lines and adjacent highways. Ongoing heavy rains have delayed remediation work. The estimated impact on first quarter sales is [...]
As part of our commitment to climate action and responsible resource development, Teck Resources Ltd. today announced an objective to be carbon neutral across all operations and activities by 2050. This objective demonstrates Teck’s support of the transition to a low-carbon economy and worldwide efforts to meet the goal of the Paris Agreement to limit global temperature increase. It also aligns with commitments by [...]
Teck Resources Ltd. and The AES Corporation announced today that their Chilean affiliates, Compañía Minera Teck Quebrada Blanca S.A. and AES Gener S.A , have entered into a long-term power purchase agreement for the Quebrada Blanca Phase 2 copper project in Chile, enabling the transition to renewable energy for approximately half the power required for operation of QB2. Under this arrangement, CMTQB will [...]
Teck Resources Ltd. President and Chief Executive Officer, Don Lindsay will be presenting at the CIBC Western Institutional Investor conference on Wednesday, January 29, 2020 at 1:10 p.m. Eastern/10:10 a.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 audiocast through the following [...]
Teck Resources Ltd. has been named to the 2020 Bloomberg Gender-Equality Index for the third straight year. “Gender equality is a critical part of our commitment to inclusion and diversity, and contributes to a stronger workforce and a better company,” said Don Lindsay, President and CEO. “We are proud to once again be named to the Bloomberg Gender-Equality Index and we are committed to continuing to [...]
Teck Resources Ltd. has been recognized as one of the 2020 Global 100 Most Sustainable Corporations by Corporate Knights. Teck was the top-ranked company in the Metal Ore Mining category and the only mining company included on the list. “At Teck, being socially and environmentally responsible is foundational to our success and an important part of who we are as a company,” said Don Lindsay, President and CEO [...]
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