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 [...]
Teck Resources Ltd. noted that today, following recent receipt of feedback from regulators, it has withdrawn the environmental permit application for the Quebrada Blanca Mill Expansion project to allow time to consider this feedback, better understand the full capability of QB, and submit a revised permit application. This is part of the ongoing regulatory process, and withdrawing now will allow time to incorporate [...]
Teck Resources Ltd. today announced its unaudited third quarter results for 2023. "We made solid progress on the ramp-up of our flagship QB2 copper project, generating gross profit in the third quarter, and we remain on track to achieve design throughput by year end," said Jonathan Price, CEO. "Positive financial performance was driven by continued strong commodity prices, partially offset by lower steelmaking coal sales [...]
Teck Resources Ltd. today provided unaudited third quarter 2023 steelmaking coal sales volumes and realized prices. Our third quarter steelmaking coal sales were 5.2 million tonnes, below our guidance of 5.6 - 6.0 million tonnes due to slower than anticipated supply chain recovery following the impacts of B.C. wildfires and the labour disruption at B.C. ports, and plant challenges. We implemented a plant improvement [...]
Teck Resources Ltd. will release its third quarter 2023 earnings results before market open on Tuesday, October 24, 2023. A webcast to review the results will be held as follows: Date: Tuesday, October 24, 2023 Time: 5:00 a.m. PT / 8:00 a.m. ET Listen-Only Webcast: here Dial In for Investor & Analyst Q&A: 416.915.3239 or 1.800.319.4610 Quote "Teck Resources", to join the call An archive of the webcast will be available at [...]
NORDEN and Teck Resources Ltd. today announced an agreement to reduce CO² emissions in Teck's steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by NORDEN by 25%, or up to 6,700 tonnes of CO², equivalent to removing over 1,400 passenger vehicles from the road. NORDEN will achieve emission reductions by utilising a range of solutions, including the use of [...]
Teck Resources Ltd. today announced its unaudited second quarter results for 2023. "We were deeply saddened to report an employee fatality in the second quarter at our Quebrada Blanca Operations. Our deepest sympathies go out to the employee's colleagues and loved ones. Learnings from the investigation are being shared across Teck and with industry peers to prevent future incidents," said Jonathan Price, CEO. "In 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 September 29, 2023 to shareholders of record at the close of business on September 15, 2023. About Teck As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development [...]
Teck Trail Operations has announced that it has received $10 million in funding support from the Government of B.C.'s CleanBC Industry Fund to progress the advancement of its Carbon Capture Utilization and Storage pilot project. The Carbon Capture pilot plant construction activity is currently underway, and the CleanBC funding will advance the assessment of viable options for carbon utilization and/or sequestration of the [...]
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