Teck Resources Ltd. today reported an electrical equipment failure on August 25, 2019, at the Trail Operations zinc refinery in Trail, British Columbia, Canada. The equipment failure affected one of four rectifiers used in the zinc refinery. There were no injuries or environmental impacts related to the failure. Repairs are expected to take up to 20 weeks at an estimated cost of $5 – $10 million. During this time [...]
Updated capital allocation policy and increased share buy-back by $600 million to $1.0 billion B.C. Government has endorsed the use of saturated rock fills for water treatment at our steelmaking coal operations Implementing our RACE21™ innovation-driven efficiency program to generate an initial $150 million in annualized EBITDA1 improvements by the end of 2019 VANCOUVER, British Columbia, July 25, 2019 -- [...]
Teck Resources Ltd. will release its second quarter 2019 earnings results on Thursday, July 25, 2019 before market open. The company will hold an investor conference call to discuss the second quarter 2019 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, July 25, 2019. The conference call dial-in is 416.204.1547 or toll free 866.215.0058, no pass code required. Media are invited to attend [...]
Teck Resources Ltd. has been recognized as one of the top companies in Canada for corporate citizenship, placing fourth on the Best 50 Corporate Citizens in Canada ranking by Corporate Knights. This marks the 13th consecutive year Teck has been named to the Best 50. “Our employees and our company are dedicated to giving back to the communities where we operate, and ensuring that sustainability is at the heart of [...]
Teck Resources Ltd. announced today that it will apply an additional $600 million of cash on hand to repurchase Class B subordinate voting shares under Teck’s previously announced normal course issuer bid program, bringing the total share buyback announced since November 2018 to $1 billion. The $400 million of share repurchases previously announced in November 2018 are now complete. Teck has also issued a notice of [...]
Teck Resources Ltd. announced today the signing of a US$2.5 billion limited recourse project financing facility to fund the development of the Quebrada Blanca Phase 2 project. Compañia Minera Teck Quebrada Blanca S.A. , which holds the QB2 project and will be the borrower under the financing, is indirectly owned 60% by Teck, 25% by Sumitomo Metal Mining Co., Ltd. , 5% by Sumitomo Corporation , and 10% by Empresa [...]
Teck Resources Ltd. President and Chief Executive Officer, Don Lindsay will be presenting at the Bank of America Merrill Lynch Global Metals, Mining & Steel conference on Tuesday, May 14, 2019 at 5:30 a.m. Eastern/2:30 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 [...]
Teck Resources Ltd. announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual Meeting of Shareholders held Wednesday, April 24, 2019 in Vancouver, British Columbia. A total of 6,374,020 Class A common shares and 439,689,081 Class B subordinate voting shares were voted at the meeting, representing 80.66% of the votes attached to all outstanding shares. Shareholders voted in [...]
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 June 28, 2019, to shareholders of record at the close of business on June 14, 2019. About Teck Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking [...]
EBITDA1 was $1.4 billion; profit attributable to shareholders was $630 million; adjusted fully diluted earnings per share were $0.99 Upgraded to investment grade credit ratings by four rating agencies eliminating $1.1 billion in letter of credit requirements Liquidity remains strong at $8.7 billion Solid operating performance, no change in 2019 guidance Teck Resources Ltd. reported profit attributable to shareholders of [...]
Teck Resources Ltd. will release its first quarter 2019 earnings results on Tuesday, April 23, 2019 before market open. The company will hold an investor conference call to discuss the first quarter 2019 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Tuesday, April 23, 2019. The conference call dial-in is 647.794.4605 or toll free 800.239.9838, no pass code required. Media are invited to attend on [...]
Teck Resources Ltd. , today announced the closing of the acquisition by Sumitomo Metal Mining Co. , Ltd. and Sumitomo Corporation of a 30% indirect interest in Compañia Minera Teck Quebrada Blanca S.A. , which owns the Quebrada Blanca Phase 2 project. Following closing of the transaction, Teck holds a 60% indirect interest in QBSA and Empresa Nacional de Minería continues to hold a 10% carried interest. SMM [...]
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