Teck Resources Ltd.

Teck Resources Ltd. has been recognized as one of the 2024 Global 100 Most Sustainable Corporations by Corporate Knights, marking the sixth straight year Teck has been named to the list. "Teck is focused on being a responsible, trusted provider of critical minerals that are essential for a low-carbon future," said Jonathan Price, President and CEO. "Our people work hard to produce the metals and minerals used in [...]

Teck Resources Ltd. today provided select unaudited fourth quarter 2023 production and sales volumes, annual production volumes for 2023, as well as operational and capital guidance for 2024 and production guidance for 2025 to 2027. Our fourth quarter 2023 financial results are scheduled for release on February 21, 2024. 2023 Production Results The table below shows a summary of Teck's share of unaudited production and [...]

Teck Resources Ltd. today provided unaudited 2023 production volumes for Quebrada Blanca operations, an update on the QB2 project, and unaudited fourth quarter steelmaking coal sales volumes and realized prices. "We are pleased that QB is now operating near design throughput capacity with strong recoveries, positioning Teck for significantly increased copper production in 2024," said Jonathan Price, President and CEO. "We [...]

Teck Resources Ltd. , today announced the closing of the sale of a minority interest in its steelmaking coal business, Elk Valley Resources , to Nippon Steel Corporation and POSCO. NSC has acquired a 20% interest in EVR in exchange for its prior 2.5% interest in Elkview Operations plus US$1.3 billion in cash paid at closing to Teck and US$0.4 billion paid subsequently to Teck out of cash flows from EVR. POSCO has [...]

Teck Resources Ltd. today announced the Carbon Capture Pilot Plant at its Trail Operations in southern British Columbia is now operating and successfully capturing carbon dioxide . "This is an important milestone as we advance our understanding of the potential of carbon capture technology to reduce emissions at our operations," said Jonathan Price, President & CEO. "This project is part of Teck's ongoing work to take [...]

Teck Resources Ltd. has been informed that the Toronto Stock Exchange has accepted the notice filed by Teck to establish a normal course issuer bid to purchase its Class B subordinate voting shares . Under the normal course issuer bid, Teck may purchase up to 40 million Class B Shares during the period starting November 22, 2023, and ending November 21, 2024, representing approximately 7.8% of the outstanding Class B [...]

Teck Resources Ltd. has been named one of Canada's Top 100 Employers for the seventh consecutive year by Mediacorp Canada's Top Employers program, which recognizes companies for exceptional human resources programs and innovative workplace policies. "At Teck, our greatest strength is our people, who are skilled, passionate and focused on providing essential resources to the world while caring for people and the [...]

Teck Resources Ltd. announced today that its Board of Directors has declared an eligible dividend of $0.125 per share on its outstanding Class A common shares and Class B subordinate voting shares, to be paid on December 29, 2023 to shareholders of record at the close of business on December 15, 2023. About Teck As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development [...]

Sale of majority stake to Glencore at implied enterprise value of US$9.0 billion on a 100% basis Minority sale to Nippon Steel Corporation Proceeds will be used to strengthen Teck's balance sheet, return cash to shareholders and ensure Teck is well positioned to realize value from its copper growth portfolio Teck to retain all steelmaking coal cash flows until expected closing in third quarter of 2024 Glencore to [...]

Teck Resources Ltd. today announced that Harry "Red" Conger will retire as President and Chief Operating Officer and step down from Teck's board of directors, effective November 1, 2023. Red joined Teck in September 2020 as Executive Vice President and COO and was appointed President and COO in September 2022. He made a number of important contributions during his time with Teck, including the completion and transition to [...]