Teck Resources announced 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 Dec 30, 2022 to shareholders of record at the close of business on Dec 15, 2022. As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused [...]
Teck Resources Ltd. and AES Corporation announced today that their Chilean affiliates, Compañía Minera Teck Quebrada Blanca S.A. and AES Andes S.A , have entered into a long-term clean power purchase agreement for the Quebrada Blanca Phase 2 copper project in Chile. Under the 17-year agreement, AES Andes will provide 1,069 Gigawatt hours per year of energy from renewable sources, building on the February 2020 QB2 [...]
Teck Resources Ltd. and Ocean Regenerative Aquaculture, Inc. today announced a joint research project to study how seaweed can be used to enhance forest health and accelerate tree growth. The project, which supports Teck's goal to become a nature positive company by 2030, will test the efficacy of using seaweed to enhance the health of tree species that are native to areas where Teck is rehabilitating former mining areas [...]
Teck Resources Ltd. has been informed that the Toronto Stock Exchange has accepted Teck's notice of intention to make 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 2, 2022 and ending November 1, 2023, representing approximately 7.9% of the outstanding Class B Shares, or [...]
Teck Resources Ltd. today announced its unaudited third quarter results for 2022. "In the third quarter, we delivered another consecutive quarter of strong financial results, while returning cash to shareholders and maintaining a robust balance sheet. We also recently announced three value generating transactions that advance our strategy of pursuing industry-leading copper growth and rebalancing our portfolio of [...]
Teck Resources Ltd. announced today it has agreed to sell its 21.3% interest in the Fort Hills Energy Limited Partnership and certain associated downstream assets to Suncor Energy Inc. for gross proceeds of approximately $1 billion in cash, subject to customary closing adjustments reflecting a November 1, 2022 effective date. The transaction value is consistent with the current outlook for the Fort Hills business [...]
Royal Inland Hospital Foundation and Teck Resources Ltd. are joining today to celebrate the beginning of construction of the new Teck Emergency Department at Royal Inland Hospital . Teck contributed $2.5 million towards the hospital's new emergency department which will feature the installation of innovative antimicrobial copper surfaces and equipment to help protect patients and health care workers. The Teck Emergency [...]
Teck Resources Ltd. has planted a record 2.4 million seedlings to date in 2022 as part of reclamation work at its Elk Valley operations in southeast B.C., in support of the goal of becoming a nature positive company. "This significant achievement builds on Teck's long-standing focus on responsible mining and reflects our employees' passion for caring for nature in the areas where they live and work," said Jonathan Price [...]
Teck Resources Ltd. and SAAM Towage today announced an agreement to deploy two electric tug boats at Neptune Terminal in Vancouver, British Columbia in support of Teck's climate goals, which will mark the first electric tugs operating in Canada as a full tugboat package for harbour assist and tug services. Under the agreement, SAAM will furnish two ElectRA 2300 SX tugs commencing operation during the second half of 2023 [...]
Teck Resources Ltd. today provided unaudited third quarter 2022 steelmaking coal sales volumes and realized prices. Our third quarter steelmaking coal sales were 5.6 million tonnes, within our revised guidance of 5.5 - 5.9 million tonnes. The realized steelmaking coal price in the third quarter averaged US$304 per tonne. We expect to report negative provisional pricing adjustments of $191 million in the third quarter due [...]
BCIT and Teck Resources Ltd. today announced that Teck is contributing $5 million to the BCIT INSPIRE Campaign. The donation, which represents the second-largest total contribution to the campaign to date, will support campus redevelopment and new teaching and learning innovations as well as expand the use of antimicrobial copper across BCIT's campuses. Of Teck's contribution, $1.4 million was provided in capital funding [...]
Teck Resources Ltd. announced today that there has been a structural failure of the plant feed conveyor belt at its Elkview steelmaking coal operation in the Elk Valley of British Columbia. Initial estimates are that production at Elkview Operations will be interrupted for 1-2 months as repairs are implemented. Elkview will reschedule planned plant maintenance to take advantage of plant downtime and mine operations will [...]
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