Teck Resources Ltd. announced today that it has acquired 12,500,000 common shares of Sun Metals Corp. , at a cost of $0.28 per common share for an aggregate purchase price of $3,500,000. The shares were acquired privately on December 20, 2018 pursuant to a donation arrangement . As a result of the Acquisition, Teck holds 12,500,000 common shares of Sun Metals, or approximately 13.8% of Sun Metals’ outstanding common [...]
Teck Resources Ltd. today announced the appointment of Greg Brouwer to Vice President, Technology and Innovation; Amparo Cornejo to Vice President, Chile Sustainability and Corporate Affairs; Chris Dechert to Vice President, South America; Sepanta Dorri to Vice President, Corporate Development; Karla Mills to Vice President, Project Development; Crystal Prystai to Vice President and Corporate Controller; and Keith Stein [...]
Teck Resources Ltd. today announced the appointment of Dean Winsor as Senior Vice President and Chief Human Resources Officer . Mr. Winsor brings to the role nearly 30 years of operations and corporate experience in the mining industry in the areas of human resources and procurement. He joined Teck in 1999 and most recently held the position of Vice President, Human Resources. “Dean has extensive experience in [...]
Teck Resources Ltd. announced today that Sumitomo Metal Mining Co., Ltd. and Sumitomo Corporation have agreed to acquire a 30% indirect interest in Compañia Minera Teck Quebrada Blanca S.A. , which owns the Quebrada Blanca Phase 2 project. The Teck board has also approved the QB2 project for full construction, with first production targeted for the second half of 2021. The consideration payable by SMM and SC [...]
Teck Resources Ltd. announced today that its Board of Directors has approved the distribution of cash to shareholders through both a dividend and share repurchase mandate. Teck will pay an eligible dividend of $0.15 per share on its outstanding Class A common shares and Class B subordinate voting shares on December 31, 2018, to shareholders of record at the close of business on December 14, 2018. This dividend represents [...]
Teck Resources Ltd. Senior Vice President Finance and Chief Financial Officer, Ron Millos will be presenting at the Goldman Sachs Global Metals & Mining conference on Wednesday, November 28, 2018 at 8:15 a.m. Eastern/5:15 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 [...]
Teck Resources Ltd. has been named as one of Canada’s Top 100 Employers by Mediacorp. Canada’s Top Employers program recognizes companies for exceptional human resources programs and forward-thinking workplace policies. “Our people are our greatest strength and we are proud to be recognized among the leaders in Canada in providing exceptional workplaces,” said Don Lindsay, President and CEO, Teck [...]
Teck Resources Ltd. today announced the appointment of Andrew Milner as Senior Vice President, Innovation and Technology. Mr. Milner brings to the role more than 25 years of experience and expertise in strategy development and delivery of technology production systems globally. He most recently held the position of Vice President, Technology Production Systems with BHP. In an earlier role, Mr. Milner was also General [...]
Teck Resources Ltd. reported profit attributable to shareholders of $1.3 billion and adjusted profit attributable to shareholders of $466 million in the third quarter compared with profit of $584 million and adjusted profit of $605 million a year ago. “We continued to advance our key growth initiative and strengthen our financial position by receiving regulatory approval for our Quebrada Blanca Phase 2 project [...]
All dollar amounts expressed in this news release are in Canadian dollars unless otherwise noted. Teck Resources Ltd. reported profit attributable to shareholders of $1.3 billion and adjusted profit attributable to shareholders of $466 million in the third quarter compared with profit of $584 million and adjusted profit of $605 million a year ago. “We continued to advance our key growth initiative and strengthen our [...]
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 October 10, 2018 and ending October 9, 2019, representing approximately 7.1% of the outstanding Class B [...]
Teck Resources Ltd. will release its third quarter 2018 earnings results on Thursday, October 25, 2018 before market open. The company will hold an investor conference call to discuss the third quarter 2018 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, October 25, 2018. The conference call dial-in is 416.340.2216 or toll free 866.225.0198, no pass code required. Media are invited to [...]