Teck Resources Ltd. announced that in light of depressed prices for Western Canada Select, and to reduce negative cash flow from Fort Hills, the Partners in the Fort Hills limited partnership have decided to temporarily operate Fort Hills as a single train facility. Assuming ongoing production at Fort Hills on this basis through the balance of [...]
Teck Resources Ltd. announced today a temporary suspension of construction activities at its Quebrada Blanca Phase 2 project to ensure employee safety and support Chilean efforts to limit transmission of COVID-19. This suspension will be for an initial two-week period, at which point Teck will re-assess the status of the project in light of the [...]
Teck Resources Ltd. announced today that Compania Minera Antamina, in which Teck has a 22.5% interest, continues to operate the Antamina mine under an exemption from recently announced Peruvian Government restrictions imposed in response to the COVID-19 pandemic. Critical operations will be maintained by a reduced workforce throughout the 15-day [...]
Teck is implementing extensive preventative measures across its offices and operations in order to safeguard the health of its employees, while continuing to operate safely and responsibly maintain employment and economic activity. All Teck corporate offices have been closed and remote work implemented for all employees able to do so. Other [...]
Teck Resources Ltd. announced today that in light of ongoing concerns related to the spread of COVID-19, and in order to mitigate potential risks to the health and safety of its shareholders, employees, communities and other stakeholders, Teck is encouraging shareholders and others not to attend in person Teck’s annual meeting to be held on [...]
In a release issued under the same headline on Thursday, March 12th by Teck Resources Ltd. , please note that in the Climate Change section of the table, the third bullet should have read "Procure 50% of our electricity demands in Chile from clean energy by 2025 and 100% by 2030". The corrected release follows: Teck Resources Ltd. today announced a [...]
Teck Resources Ltd. today announced a target to reduce carbon intensity by 33% by 2030 as part of its new sustainability strategy and goals. This builds on the Teck’s previously announced commitment to be carbon neutral across all its operations and activities by 2050. “At Teck, we are always challenging ourselves to improve [...]
Teck Resources Ltd. today filed its annual audited financial statements for the year ended December 31, 2019. As previously disclosed on February 23, 2020, subsequent to the release of Teck’s unaudited financial results for the fourth quarter of 2019, Teck withdrew the regulatory application for the Frontier Project. As a consequence, under [...]
Teck Resources Ltd. today announced it is withdrawing the Frontier Project from the regulatory review process. Teck CEO and President Don Lindsay has written to the federal Minister of Environment and Climate Change outlining the reasons for the withdrawal. The letter is available here and included below. As a result of this decision Teck will [...]
Teck Resources Ltd. reported unaudited adjusted EBITDA of $4.3 billion in 2019 compared with $5.4 billion in 2018. Our 2019 unaudited adjusted profit attributable to shareholders was $1.6 billion compared with $2.4 billion in 2018. In the fourth quarter, adjusted profit attributable to shareholders was $122 million compared with $500 million in the [...]
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 March 31, 2020, to shareholders of record at the close of business on March 13, 2020. About Teck Teck is a diversified resource company committed to responsible mining and [...]
Teck Resources Ltd. President and Chief Executive Officer, Don Lindsay will be presenting at the BMO Capital Markets 29th Annual Global Metals & Mining conference on Monday, February 24, 2020 at 11:30 a.m. Eastern/8:30 a.m. Pacific time. The investor presentation will include information on company strategy, financial performance, and outlook for [...]