Teck Resources Ltd. today provided an update on progress at the Fort Hills Project. Suncor, as operator of the Fort Hills Energy Limited Partnership, has confirmed that during 2017, the mine, primary extraction, utilities and froth assets were commissioned. More than 80% of the Fort Hills plant is now operational and has safely run at full capacity through the test runs over the past four months. All three secondary [...]
Teck Resources Ltd. announced today that the Union of Workers of Quebrada Blanca , which represents 105 workers at Teck Quebrada Blanca Operations, has indicated that it may proceed with strike action as early as Wednesday, December 13. Operations will continue during a strike and we do not anticipate an impact on overall production. Two other unions representing the majority of employees at the operation reached [...]
Teck Resources Ltd. today provided updated guidance for expected realized steelmaking coal price and an update on estimated sales volumes for the fourth quarter of 2017. The fourth quarter 2017 price index for steelmaking coal volumes sold under quarterly contract on the basis of the average of three assessments for the period September through November, is now established at US$191 per tonne. Teck expects to realize an [...]
Teck Resources Ltd. announced today the appointment of Kalev Ruberg as Vice President, Teck Digital Systems and Chief Information Officer. "Kal brings to the role a strong background in information systems and technology and applied artificial intelligence," said Don Lindsay, President and CEO. "His ongoing leadership will be key to managing Teck's digital systems, which are critical to our safety, sustainability, cost [...]
Teck Resources Ltd. announced today that its Board of Directors has approved the distribution of cash to shareholders through a supplemental dividend of $0.40 per share and a share repurchase mandate equivalent to an additional $0.40 per share, in addition to its annual base dividend of $0.20 per share . Teck will pay an eligible dividend of $0.45 per share on its outstanding Class A common shares and Class B subordinate [...]
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 29, 2017 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 through [...]
Teck Resources Ltd. was named today as one of Canada's Top 100 Employers for 2018 by Mediacorp. Canada's Top Employers program recognizes companies for exceptional human resources programs and forward-thinking workplace policies. "This award is a reflection of our talented and engaged employees whose commitment, enthusiasm and ability is critical to our ongoing success," said Don Lindsay, President and CEO, Teck. "Teck is [...]
Teck Resources Ltd. has extended the maturity dates of its two committed revolving credit facilities and made certain non-material amendments to the facilities. The maturity date of the US$3.0 billion facility has been extended from July 2020 to October 2022 and the maturity date of the US$1.2 billion facility has been extended from June 2019 to October 2020. Our obligations under these agreements are guaranteed on a [...]
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 20 million Class B Shares during the period starting October 10, 2017 and ending October 9, 2018, representing approximately 3.5% of the outstanding Class B Shares, or [...]
Teck Resources Ltd. will release its third quarter 2017 earnings results on Thursday, October 26, 2017 before market open. The company will hold an investor conference call to discuss the third quarter 2017 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, October 26, 2017. The conference call dial-in is 416.340.2216 or toll free 866.225.0198, no pass code required. Media are invited to [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 18, 2017) - Teck Resources Ltd. (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today announced increased zinc production guidance for its Red Dog operation and recent results of exploration in the Red Dog District in Alaska. "We are pleased with the significant improvements in recovery at our Red Dog Operations in the last few months and consequently production will now [...]