Teck Resources Ltd. today announced that the Partners in the Fort Hills limited partnership have decided to restart the second Fort Hills train and plan to ramp up production to approximately 120,000 barrels per day by the end of the year. Assuming ongoing production at Fort Hills on this basis we have narrowed our production guidance for the year [...]
Teck Resources Ltd. announced today it has signed a non-binding term sheet reflecting an agreement in principle with Westshore Terminals Limited Partnership on proposed terms for the shipment of steelmaking coal following expiry of the current contract on March 31, 2021. The proposed agreement will provide for the shipment of between 5 and 7 [...]
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 September 30, 2020, to shareholders of record at the close of business on September 15, 2020. About Teck Teck is a diversified resource company committed to responsible mining [...]
Teck Resources Ltd. today announced the appointment of three experienced senior executives to help advance key priorities to generate long-term value. “In addition to addressing the retirements of two key members of our team, these appointments add significant depth of knowledge and experience to Teck. These changes will further strengthen our [...]
Teck Resources Ltd. today announced its second quarter 2020 results, outlining how the company has taken action to protect its people and position for improved margins and future growth as the world comes through the COVID-19 pandemic. “We remain focused on protecting our people and communities, while continuing to operate responsibly and safely to [...]
Teck Resources Ltd. will release its second quarter 2020 earnings results on Thursday, July 23, 2020 before market open. The company will hold an investor conference call to discuss the second quarter 2020 earnings results at 11:00 a.m. Eastern time / 8:00 a.m. Pacific time on Thursday, July 23, 2020. The conference call dial-in is 416.340.2216 or [...]
Teck Resources Ltd. today reported a failure of the loading arm on one of two shipping barges at Red Dog Operations’ port in Alaska, on July 3, 2020. Teck has completed testing of the loading arm on the second shipping barge at the port to ensure its integrity. There were no injuries or environmental impacts related to this incident. As a result [...]
Teck Resources Ltd. announced today that it and a wholly owned subsidiary has entered into an amending agreement with Deep-South Resources Inc. to settle past due amounts owing by Deep-South from the previously announced sale of the 70% interest in Haib Minerals Ltd. Past amounts due to Teck will be settled through the issuance of 4,352,941 shares [...]
Teck Resources Ltd. announced today the signing of a new US$1 billion unsecured two-year revolving credit facility, the closing of its previously announced US$550 million offering of ten-year notes and the results of the previously announced cash tender offers for its US$539 million of outstanding notes maturing in 2021, 2022 and 2023. “Teck’s [...]
Teck Resources Ltd. has been recognized as one of the top 50 companies in Canada for corporate citizenship, being named to the Best 50 Corporate Citizens in Canada ranking by Corporate Knights. This marks the 14th consecutive year Teck has been named to the Best 50. “This recognition is made possible by our employees who ensure that sustainability [...]
Teck Resources Ltd. announced today that it has priced an offering of senior unsecured notes. Teck will issue US$550 million principal amount of 10-year senior unsecured notes, which will bear interest at the rate of 3.900% per annum. The offering is expected to close on or about June 30, 2020, subject to customary closing conditions. The net [...]
Teck Resources Ltd. announced today that it has commenced cash tender offers for any and all of its outstanding 4.500% Notes due 2021 , 4.75% Notes due 2022 and 3.750% Notes due 2023 . The Offers are being made on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof , and the related Notice of Guaranteed [...]