Teck Resources

Teck Resources Limited is a resource company, which engages in mining and development of mineral properties. It organized into business units focused on steelmaking coal, copper, zinc, and energy. The firm also offers lead, silver, molybdenum and various specialty and other metals, chemicals and fertilizers. It focuses on its project operations located in Canada, Peru, Chile, and U.S. The company was founded on September 24, 1951 and is headquartered in Vancouver, Canada.

Earnings data Q1 2021

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Teck Resources reports robust Q2 earnings post coal business sale

Teck Resources delivered strong financial performance in Q2 2024, driven by copper production and strategic divestment of the coal business. While facing short-term challenges in production guidance, the company's focus on growth projects and shareholder returns highlights a promising future outlook.

Teck Resources excels in energy transition metals, faces QB challenges

Teck Resources showcased strong operational performance, financial discipline, and commitment to sustainability in the Q3 earnings call. Despite challenges in QB operations, the company's strategic focus on safety and value-driven initiatives positions it well for future growth.

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Teck Resources Limited is a resource company, which engages in the exploration, acquisition, development, production, and sale of natural resources. Its products include steelmaking coal, copper, zinc, industrial products and fertilizers, and other metals. Its project operations are located in Canada, Peru, U.S., and Chile. The company was founded on September 24, 1951 and is headquartered in Vancouver, Canada.

VANCOUVER, British Columbia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided select unaudited fourth quarter 2023 production and sales volumes, annual production volumes for 2023, as well as operational and capital guidance for 2024 and production guidance for 2025 to 2027.

Teck Announces 2023 Production and 2024 Guidance Update

Nippon Steel Corp

Teck Resources Ltd (TSX:TECK.B) said on Thursday it has completed its previously announced agreement to sell minority interests in its steelmaking coal business to Japan's Nippon Steel Corp and South Korean steelmaker Posco.  Nippon Steel purchased a 20% stake in Teck's coal business, known as Elk Valley Resources (EVR), in exchange for its prior 2.5% interest in Teck's Elkview coal operations plus US$1.7 billion in cash.

Teck Resources closes sale of coal business stakes to Nippon Steel, Posco

VANCOUVER, British Columbia, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided unaudited 2023 production volumes for Quebrada Blanca (“QB”) operations, an update on the QB2 project, and unaudited fourth quarter steelmaking coal sales volumes and realized prices.

Teck Provides Update on QB and Q4 2023 Steelmaking Coal Sales and Pricing

VANCOUVER, British Columbia, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Teck Resources Limited (“Teck”), (TSX: TECK.A and TECK.B, NYSE: TECK) today announced the closing of the sale of a minority interest in its steelmaking coal business, Elk Valley Resources (“EVR”), to Nippon Steel Corporation (“NSC”) and POSCO.

Teck Announces Completion of Sale of Minority Interest in Steelmaking Coal Business

TRAIL, British Columbia, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the Carbon Capture Pilot Plant at its Trail Operations in southern British Columbia is now operating and successfully capturing carbon dioxide (CO2).

Trail Carbon Capture Pilot Plant Now Operational

VANCOUVER, BC / ACCESSWIRE / December 14, 2023 / ZincX Resources Corp. ("ZincX" or the "Company"), (TSX Venture Exchange:ZNX)(FRA:A2JLRM ) announces the details of the voting results from its Annual General Meeting, held on December 7, 2023 in Vancouver, BC. By resolution passed via ballot, the five nominees referenced below were appointed as Directors of the Company to serve until the next annual meeting of shareholders of the Company, or until their successors are elected or appointed.

ZincX Resources Reports Voting Results from its Annual General Meeting

(Kitco News) - The Copper Mark is the leading assurance framework to promote responsible practices across the copper, molybdenum, nickel and zinc value chains.

Teck's copper operations in Chile awarded the Copper Mark

VANCOUVER, British Columbia, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced its newly expanded Quebrada Blanca Operations (QB) and Carmen de Andacollo Operations (CdA) have been awarded the Copper Mark in recognition of environmentally and socially responsible production practices.

Teck's Quebrada Blanca and Carmen de Andacollo Operations Achieve The Copper Mark Verification

Teck Resources (TECK) and Oldendorff to use Flettner Rotor to reduce CO2 emissions.

Teck Resources (TECK) & Oldendorff Ink Deal to Lower Emissions

VANCOUVER, British Columbia, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) and Oldendorff Carriers GmbH & Co. KG (“Oldendorff”) today announced an agreement to use wind propulsion to further reduce CO2 emissions in Teck's supply chain. The joint investment will see the vessel Dietrich Oldendorff, which carries shipments of Teck steelmaking coal from the Port of Vancouver, outfitted with a Flettner Rotor system by mid-2024.

Teck and Oldendorff Carriers Announce Agreement to Outfit Bulk Carrier with Rotor Sails to Reduce Emissions

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Vancouver, British Columbia--(Newsfile Corp. - November 28, 2023) - Perseverance Metals Inc. ("Perseverance" or the "Company") is pleased to announce that it has closed the first tranche (the "First Tranche") of its non-brokered private placement (the "Private Placement") for aggregate gross proceeds of C$2,848,066. The First Tranche included a 9.9% strategic investment from Teck Resources Limited (TSX: TECK.A) (TSX: TECK.B) (NYSE: TECK) ("Teck"), one of Canada's leading mining companies, and significant investments from two prominent resource-focused funds in Québec: SIDEX, LP ("SIDEX") and Fonds de solidarité FTQ ("Fonds FTQ").

Perseverance Metals Completes C$2.8M First Tranche of Private Placement, including a 9.9% Strategic Investment from a Major Canadian Mining Company

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Focus on These 4 Stocks That Recently Hiked Dividends

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Unintended but not unexpected is one way of describing what's happening to the price of steel-making coal as governments suppress supply in the face of steady demand g

Glencore Adds Teck's Mines To Its Global Coal Business

VANCOUVER, British Columbia, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) has been informed that the Toronto Stock Exchange (“TSX”) has accepted the notice filed by Teck to establish a normal course issuer bid to purchase its Class B subordinate voting shares (“Class B Shares”).

Teck Receives Regulatory Approval for Share Buy-Back Program

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Glencore PLC (LSE:GLEN) and Teck Resources Ltd (TSX:TECK.B) are each winners in the former's strategic acquisition of Elk Valley Resources (EVR) deal, Teck's coal business, according to analysts at Jefferies. “(A) Glencore acquisition of EVR makes sense strategically and economically, and a sale of EVR should be a significant positive for Teck,” Jefferies wrote following news of the finalized deal.

The Glencore-Teck saga closes with both emerging as winners, analysts say

Teck Resources (TECK) sells its steelmaking coal business, which sets the stage for the company's growth as a major Canadian-based producer of copper and other future-oriented metals.

Teck Resources (TECK) Sells Steelmaking Coal Unit, Shares Up 3%

Glencore PLC (LSE:GLEN), the FTSE 100 commodities group, on Tuesday announced its plan to acquire a majority stake in the coal business of Teck Resources, a Canadian mining company. This transaction, valued at just a smidge under $7 billion, marks a pivotal moment for both entities, with far-reaching implications for the industry.

Glencore's $7bn Teck coal deal: Here's why it's win-win

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David Einhorn's Greenlight Capital cut its stakes in its top two holdings, U.S. housebuilder Green Brick Partners and Pennsylvania coal miner Consol Energy , and instead plowed millions into gold in the third quarter, the New York hedge fund's 13-F filings show.

David Einhorn's Greenlight Capital snaps up gold as it cuts stake in top two holdings

BURNABY, British Columbia--(BUSINESS WIRE)-- #bclab--United Steelworkers won't support Glencore's takeover of Teck's steelmaking coal operations in B.C. without further commitments.

United Steelworkers Won't Support Glencore's Takeover of Teck's Steelmaking Coal Operations in B.C. Without Further Commitments

Teck Resources Ltd (TSX:TECK.B) shares rose Tuesday on news it has agreed a deal to sell its steelmaking coal assets to a consortium led by commodity giant Glencore and including Japan's Nippon Steel Corporation, as it focuses on critical minerals. The transaction, which will also see South Korea's POSCO consolidate its stake in Elk Valley Resources (EVR), values the business at US$9 billion.

Teck Resources shares rise on US$9BN sale of coal assets to Glencore consortium

Glencore on Tuesday said it had struck a $9 billion deal to buy Canadian mining company Teck Resources' steelmaking coal business, as the Swiss commodities giant pushes forward with plans to spin off its own bulked up coal mining operations into a separate U.S.-listed firm.

Glencore strikes $9 billion deal to buy 77% stake in Teck Resources' coal business

Shares in mining major Glencore PLC (LSE:GLEN) were up almost 4% in early trading after it said it was acquiring a 77% stake in Elk Valley Resources (EVR), the steelmaking coal division of Teck Resources, for US$6.93 billion. It is part of a broader deal by the Canadian giant that will see the remainder of the steel business offloaded to Nippon Steel and Korea's POSCO.

Glencore shares jump 3.7% after it unveils Teck coal deal

(Kitco News) - In the spring Teck floated a proposal to split its coal and copper businesses. In April Teck Glencore made a $22.5 billion unsolicited takeover for Teck.

Teck sells coal business to Glencore and Nippon Steel in $9 billion deal

News for Teck Resources Stock (TECK)