Teck Resources Ltd.

Teck Resources Ltd. , today announced the closing of the sale of a minority interest in its steelmaking coal business, Elk Valley Resources , to Nippon Steel Corporation and POSCO. NSC has acquired a 20% interest in EVR in exchange for its prior 2.5% interest in Elkview Operations plus US$1.3 billion in cash paid at closing to Teck and US$0.4 [...]

Teck Resources Ltd. today announced the Carbon Capture Pilot Plant at its Trail Operations in southern British Columbia is now operating and successfully capturing carbon dioxide . "This is an important milestone as we advance our understanding of the potential of carbon capture technology to reduce emissions at our operations," said Jonathan [...]

Teck Resources Ltd. has been informed that the Toronto Stock Exchange has accepted the notice filed by Teck to establish 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 November 22, 2023, and ending [...]

Teck Resources Ltd. has been named one of Canada's Top 100 Employers for the seventh consecutive year by Mediacorp Canada's Top Employers program, which recognizes companies for exceptional human resources programs and innovative workplace policies. "At Teck, our greatest strength is our people, who are skilled, passionate and focused on providing [...]

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 December 29, 2023 to shareholders of record at the close of business on December 15, 2023. About Teck As one of Canada's leading mining [...]

Sale of majority stake to Glencore at implied enterprise value of US$9.0 billion on a 100% basis Minority sale to Nippon Steel Corporation Proceeds will be used to strengthen Teck's balance sheet, return cash to shareholders and ensure Teck is well positioned to realize value from its copper growth portfolio Teck to retain all steelmaking coal cash [...]

Teck Resources Ltd. today announced that Harry "Red" Conger will retire as President and Chief Operating Officer and step down from Teck's board of directors, effective November 1, 2023. Red joined Teck in September 2020 as Executive Vice President and COO and was appointed President and COO in September 2022. He made a number of important [...]

Teck Resources Ltd. noted that today, following recent receipt of feedback from regulators, it has withdrawn the environmental permit application for the Quebrada Blanca Mill Expansion project to allow time to consider this feedback, better understand the full capability of QB, and submit a revised permit application. This is part of the ongoing [...]

Teck Resources Ltd. today announced its unaudited third quarter results for 2023. "We made solid progress on the ramp-up of our flagship QB2 copper project, generating gross profit in the third quarter, and we remain on track to achieve design throughput by year end," said Jonathan Price, CEO. "Positive financial performance was driven by continued [...]

Teck Resources Ltd. today provided unaudited third quarter 2023 steelmaking coal sales volumes and realized prices. Our third quarter steelmaking coal sales were 5.2 million tonnes, below our guidance of 5.6 - 6.0 million tonnes due to slower than anticipated supply chain recovery following the impacts of B.C. wildfires and the labour disruption at [...]