Teck Resources Ltd.

Teck Resources Ltd. today issued a letter to shareholders reaffirming the strong rationale for its pending separation and responding to Glencore's latest attempt to frustrate value creation for Teck shareholders. Glencore's opportunistic proposal hasn't changed - same low value, same flawed structure, same material execution risks Teck has previously engaged extensively with Glencore - for six months on essentially the [...]

Teck Resources Ltd. will host a conference call to discuss Teck Metals' copper growth portfolio on Tuesday, April 18, 2023. The webcast will be held as follows: Date: Tuesday, April 18, 2023 Time: 1:30 p.m. PT / 4:30 p.m. ET Listen-Only Webcast: Join Me 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 conference call will be available at teck.com [...]

Teck Resources Ltd. today issued a statement on behalf of Teck Chairman Emeritus Dr. Norman B. Keevil: "As there has been much media commentary regarding my views on the future of Teck, I would like to provide a clear statement of my perspective. My colleagues and I are proud of what we achieved through 30 years of building Teck, growing the company 500-fold from a $25 million market cap to $12.6 billion, with [...]

Teck Resources Ltd. today announced certain technical and supplemental updates to the terms of Teck's proposed reorganization to separate into Teck Metals Corp. and Elk Valley Resources Ltd. to be voted on by shareholders on April 26, 2023. As described in Teck's management proxy circular dated March 23, 2023, the separation provides Teck Metals with continued access to steelmaking coal cash flows for a transition period [...]

Teck Resources Ltd. today announced changes to allow for an earlier full separation of Teck Metals Corp. and Elk Valley Resources Ltd. and to maximize free cash flow available to be returned to shareholders, following approval of the separation by shareholders on April 26, 2023. As described in Teck's recent management proxy circular dated March 23, 2023, the separation provides Teck Metals with continued access to [...]

Teck Resources Ltd. today announced that its Board of Directors has reviewed and unanimously rejected a revised unsolicited acquisition proposal from Glencore plc, received on April 11, 2023, which would see that company acquire Teck. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, Teck's Board of Directors conducted a detailed review and assessment of the revised [...]

Teck Resources Ltd. today confirmed that it has received a revised, unsolicited, non-binding proposal from Glencore plc, which would see that company acquire Teck. Glencore's revised proposal appears to be largely unchanged, with the exception of a cash consideration alternative in lieu of shares in the proposed combined coal entity. The revised proposal does not provide an increase in the overall value to be received by [...]

Planned separation maximizes value and unlocks a broader range of strategic opportunities Rejected Glencore proposal is not actionable and bad for Teck shareholders Board recommends shareholders vote in favour of separation and dual class amendment Investor and Analyst Conference Call at 8:00 a.m. Eastern Time Today VANCOUVER, British Columbia, April 10, 2023 -- Teck Resources Ltd. today reaffirmed the strong rationale [...]

Teck Resources Ltd. today provided its unaudited first quarter 2023 steelmaking coal sales volumes and realized prices. "We achieved our quarterly sales guidance for steelmaking coal and continued to benefit from strong realized prices in the first quarter," said Jonathan Price, CEO. "Teck's high-margin steelmaking coal business continues to display its significant cash generating results and potential, further [...]

Agnico Eagle Mines Ltd. and Teck Resources Ltd. announced today that the previously announced joint venture transaction between Teck and Agnico Eagle to advance the San Nicolás copper-zinc development project has closed. Teck and Agnico Eagle have entered into a joint venture shareholders agreement whereby Agnico Eagle, through a wholly-owned Mexican subsidiary, has agreed to subscribe for a 50% interest in Minas de San [...]