Teck Resources Ltd. today announced that it has completed the sale of its remaining 77% interest in the steelmaking coal business to Glencore plc Teck received total cash proceeds of US$7.3 billion, subject to customary closing adjustments. About Teck Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of [...]
Teck Resources Ltd. will release its second quarter 2024 earnings results before market open on Wednesday, July 24, 2024. A webcast to review the results will be held as follows: Date: Wednesday, July 24, 2024 Time: 8:00 a.m. PT / 11:00 a.m. ET Listen-Only Webcast: here Dial In for Investor & Analyst Q&A: 647.484.8814 or 1.844.763.8274 Quote "Teck Resources", to join the call Alternate, pre-register to the call for Q&a [...]
Teck Resources Ltd. today announced the commencement of six separate offers to purchase for cash up to US$1,250,000,000 aggregate principal amount of its outstanding notes of the series listed in the table below . Subject to the Maximum Purchase Condition , the series of Notes that are purchased in the Offers will be based on the acceptance priority levels set forth in the table below. If a given series of Notes is [...]
Teck Resources Ltd. today announced that the sale of its remaining 77% interest in the steelmaking coal business, Elk Valley Resources , to Glencore plc has now received all necessary regulatory approvals. The transaction is now expected to close on July 11. Teck expects to receive total cash proceeds of US$6.9 billion 1 from the sale of the 77% interest in EVR, excluding closing adjustments. "We are pleased that we will [...]
Teck Resources Ltd. today provided unaudited second quarter 2024 steelmaking coal sales volumes and realized prices. Our second quarter steelmaking coal sales were 6.4 million tonnes, at the top end of our guidance of 6.0 - 6.4 million tonnes. The realized steelmaking coal price in the second quarter averaged US$237 per tonne. We expect to report a negative provisional pricing adjustment of $50 million in the second [...]
Teck Resources Ltd. has been named as one of Corporate Knights' 2024 Best 50 Corporate Citizens in Canada. This marks the 18th consecutive year Teck has been named as one of the Best 50 companies by Corporate Knights. "As we responsibly produce essential metals needed for global development and the energy transition, our team is focused on caring for the people, communities and the environment where we operate," said [...]
Teck Resources Ltd. President and Chief Executive Officer Jonathan Price, will be presenting at the BofA Securities 2024 Global Metals, Mining and Steel conference on Tuesday, May 14, 2024 at 11:45 a.m. Eastern/8:45 a.m. Pacific time. The investor presentation will focus on maximizing value for shareholders and include information on company strategy, financial performance, and outlook. The presentation will be webcast [...]
Teck Resources Ltd. announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual Meeting of Shareholders held on Thursday, April 25, 2024 . A total of 6,366,951 Class A common shares and 380,767,143 Class B subordinate voting shares were voted at the Meeting, representing 79.97% of the votes attached to all outstanding shares. Shareholders voted at the Meeting as follows. 1 [...]
Teck Resources Ltd. announced today 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 June 28, 2024 to shareholders of record at the close of business on June 17, 2024. About Teck As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major [...]
Teck Resources Ltd. today announced its unaudited first quarter results for 2024. "All outstanding major construction at our QB operation was completed in the first quarter, including the shiploader and molybdenum plant, and we marked the first shipment of concentrate from the completed port facility," said Jonathan Price, President and CEO. "We had strong first quarter performance across our business, generating $1.7 [...]
Teck Resources Ltd. will release its first quarter 2024 earnings results before market open on Thursday, April 25, 2024. A webcast to review the results will be held as follows: Date: Thursday, April 25, 2024 Time: 8:00 a.m. PT / 11:00 a.m. ET Listen-Only Webcast: here Dial In for Investor & Analyst Q&A: 416.915.3239 or 1.800.319.4610 Quote "Teck Resources", to join the call Alternate, pre-register to the call for Q&a [...]
Teck Resources Ltd. today provided unaudited first quarter 2024 steelmaking coal sales volumes and realized prices. Our first quarter steelmaking coal sales were 5.9 million tonnes, in line with our guidance of 5.9 - 6.3 million tonnes. The realized steelmaking coal price in the first quarter averaged US$297 per tonne. We expect to report a negative provisional pricing adjustment of $94 million in the first quarter. Our [...]