Teck Resources Ltd. announced today that Compania Minera Antamina, in which Teck has a 22.5% interest, continues to operate the Antamina mine under an exemption from recently announced Peruvian Government restrictions imposed in response to the COVID-19 pandemic. Critical operations will be maintained by a reduced workforce throughout the 15-day national emergency quarantine period. Appropriate precautions are being taken [...]
Teck is implementing extensive preventative measures across its offices and operations in order to safeguard the health of its employees, while continuing to operate safely and responsibly maintain employment and economic activity. All Teck corporate offices have been closed and remote work implemented for all employees able to do so. Other measures being put into place at Teck’s operations include: Reducing or [...]
Teck Resources Ltd. announced today that in light of ongoing concerns related to the spread of COVID-19, and in order to mitigate potential risks to the health and safety of its shareholders, employees, communities and other stakeholders, Teck is encouraging shareholders and others not to attend in person Teck’s annual meeting to be held on Tuesday, April 21, 2020. Shareholders are encouraged to vote on the matters [...]
In a release issued under the same headline on Thursday, March 12th by Teck Resources Ltd. , please note that in the Climate Change section of the table, the third bullet should have read "Procure 50% of our electricity demands in Chile from clean energy by 2025 and 100% by 2030". The corrected release follows: Teck Resources Ltd. today announced a target to reduce carbon intensity by 33% by 2030 as part of its new [...]
Teck Resources Ltd. today announced a target to reduce carbon intensity by 33% by 2030 as part of its new sustainability strategy and goals. This builds on the Teck’s previously announced commitment to be carbon neutral across all its operations and activities by 2050. “At Teck, we are always challenging ourselves to improve sustainability performance, so we can be sure we are providing the mining products [...]
Teck Resources Ltd. today filed its annual audited financial statements for the year ended December 31, 2019. As previously disclosed on February 23, 2020, subsequent to the release of Teck’s unaudited financial results for the fourth quarter of 2019, Teck withdrew the regulatory application for the Frontier Project. As a consequence, under IFRS, Teck was required to assess the carrying value of the Frontier Project [...]
Teck Resources Ltd. today announced it is withdrawing the Frontier Project from the regulatory review process. Teck CEO and President Don Lindsay has written to the federal Minister of Environment and Climate Change outlining the reasons for the withdrawal. The letter is available here and included below. As a result of this decision Teck will write down the $1.13 billion carrying value of the Frontier Project. About Teck [...]
Teck Resources Ltd. reported unaudited adjusted EBITDA of $4.3 billion in 2019 compared with $5.4 billion in 2018. Our 2019 unaudited adjusted profit attributable to shareholders was $1.6 billion compared with $2.4 billion in 2018. In the fourth quarter, adjusted profit attributable to shareholders was $122 million compared with $500 million in the fourth quarter of last year. “Ongoing global economic uncertainty [...]
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 March 31, 2020, to shareholders of record at the close of business on March 13, 2020. About Teck Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking [...]
Teck Resources Ltd. President and Chief Executive Officer, Don Lindsay will be presenting at the BMO Capital Markets 29th Annual Global Metals & Mining conference on Monday, February 24, 2020 at 11:30 a.m. Eastern/8:30 a.m. Pacific time. The investor presentation will include information on company strategy, financial performance, and outlook for the company’s business units. The presentation will be webcast through [...]
The Board of Directors of Teck Resources Ltd. announced today that Sheila Murray has been appointed as Board Chair, effective immediately. Ms. Murray was appointed Acting Board Chair following the resignation of Dominic Barton on September 4, 2019. She has served on Teck’s Board since April 2018. She is the former President of CI Financial Corp., and had a distinguished career practicing corporate and securities law [...]
Teck Resources Ltd. announced today that steelmaking coal sales for the first quarter of 2020 are being affected by bad weather in British Columbia causing rail and terminal performance issues. Among other issues, heavy snow and extreme cold in January and rock and mud slides have affected rail lines and adjacent highways. Ongoing heavy rains have delayed remediation work. The estimated impact on first quarter sales is [...]
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