Teck Resources Ltd. today announced the appointment of Réal Foley as Senior Vice President, Marketing and Logistics, effective January 1, 2020. Mr. Foley succeeds Andrew Stonkus, who will retire on December 31, 2019. “Réal’s extensive experience and proven ability make him ideally suited to develop and implement the overall marketing and logistics strategy for Teck’s base metals, coal and [...]
Teck Resources Ltd. announced today that the Teck Carmen de Andacollo Workers Union, which represents 473 workers at Teck Carmen de Andacollo Operations in Chile, has given notice that it plans to commence strike action on October 14, 2019. Operations at CdA would be suspended during a strike with the exception of essential activities required to maintain safety and the environment. In the quarter ended June 30, 2019, CdA [...]
Teck Resources Ltd. will release its third quarter 2019 earnings results on Thursday, October 24, 2019 before market open. The company will hold an investor conference call to discuss the third quarter 2019 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, October 24, 2019. The conference call dial-in is 416.340.2216 or toll free 800.273.9672, no pass code required. Media are invited to [...]
For the 10th straight year, Teck Resources Ltd. has been named to the Dow Jones Sustainability World Index , indicating that Teck’s sustainability practices are in the top 10 percent of the 2,500 largest companies in the S&P Global Broad Market Index . “Sustainability is an important factor in every decision we make because being socially and environmentally responsible is foundational to our success and a [...]
Teck Resources Ltd. announced today that Dominic Barton will step down from Teck’s Board of Directors, effective immediately, to assume the role of Canada’s Ambassador to China. Mr. Barton joined Teck’s Board in September 2018 and was appointed Chair of the Board on October 1, 2018. Sheila Murray, Chair of Teck’s Corporate Governance and Nominating Committee, will assume the role of acting Board [...]
Teck Resources Ltd. today released its second Climate Action and Portfolio Resilience report, outlining how Teck will continue to create shareholder value by producing products that are essential in a low-carbon future, while also taking action on climate change. The report looks at how Teck is positioned for a low-carbon economy by analyzing potential business risks and opportunities under different climate change [...]
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 September 30, 2019, to shareholders of record at the close of business on September 13, 2019. About Teck Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper [...]
Teck Resources Ltd. today reported an electrical equipment failure on August 25, 2019, at the Trail Operations zinc refinery in Trail, British Columbia, Canada. The equipment failure affected one of four rectifiers used in the zinc refinery. There were no injuries or environmental impacts related to the failure. Repairs are expected to take up to 20 weeks at an estimated cost of $5 – $10 million. During this time [...]
Updated capital allocation policy and increased share buy-back by $600 million to $1.0 billion B.C. Government has endorsed the use of saturated rock fills for water treatment at our steelmaking coal operations Implementing our RACE21™ innovation-driven efficiency program to generate an initial $150 million in annualized EBITDA1 improvements by the end of 2019 VANCOUVER, British Columbia, July 25, 2019 -- [...]
Teck Resources Ltd. will release its second quarter 2019 earnings results on Thursday, July 25, 2019 before market open. The company will hold an investor conference call to discuss the second quarter 2019 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, July 25, 2019. The conference call dial-in is 416.204.1547 or toll free 866.215.0058, no pass code required. Media are invited to attend [...]
Teck Resources Ltd. has been recognized as one of the top companies in Canada for corporate citizenship, placing fourth on the Best 50 Corporate Citizens in Canada ranking by Corporate Knights. This marks the 13th consecutive year Teck has been named to the Best 50. “Our employees and our company are dedicated to giving back to the communities where we operate, and ensuring that sustainability is at the heart of [...]
Teck Resources Ltd. announced today that it will apply an additional $600 million of cash on hand to repurchase Class B subordinate voting shares under Teck’s previously announced normal course issuer bid program, bringing the total share buyback announced since November 2018 to $1 billion. The $400 million of share repurchases previously announced in November 2018 are now complete. Teck has also issued a notice of [...]