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.

Teck Resources' (TECK) Q1 results are likely to reflect low steelmaking coal and copper prices as well as inflated costs.

Teck Resources (TECK) to Report Q1 Earnings: What's in Store?

Glencore PLC

Glencore's letter changes nothing Teck continues to recommend that shareholders vote FOR pending separation VANCOUVER, British Columbia, April 19, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today issued a letter to shareholders reaffirming the strong rationale for its pending separation and responding to Glencore's latest attempt to frustrate value creation for Teck shareholders. Glencore's opportunistic proposal hasn't changed – same low value, same flawed structure, same material execution risks Teck has previously engaged extensively with Glencore – for six months on essentially the same proposal – and repeatedly determined it is not in the best interest of Teck shareholders The choice for shareholders is clear: vote FOR Teck's separation plan to create the world's pre-eminent, pure-play base metals company with a greater array of value creating opportunities The full text of the letter is as follows: April 19, 2023 Dear Shareholders, A vote for the separation is a vote to create two world-class, pure play mining companies, providing both unparalleled exposure to a premier base metals platform and an attractive opportunity to remain invested in a high-quality, high-margin steelmaking coal business.

Teck Responds to Glencore's Latest Attempt to Frustrate Value Creation for Teck Shareholders

As predicted in these pages a few weeks ago, Glencore has now sweetened its offer for Teck. Previously, Glencore was simply offering to subsume Teck, as it has subsumed so many other miners, and then to spit out the combined coal assets of both companies into a new vehicle.

Glencore's latest move is about to reveal just how strategically significant Teck is

Glencore has upped the pressure on Teck management by offering to sweeten its deal further and stating it will make a hostile bid if the management of the Canadian miner won't engage in discussions. Switzerland-based Glencore's approach involves splitting both companies' coal interests from their metals businesses and into a new venture, CoalCo.

Glencore ups pressure on Teck with threat of hostile bid and improved offer

It's been a heck of a month for Teck Resources Limited (NYSE: TECK). On April 3rd, the Canadian mining company rejected a hostile $22.5 billion takeover bid from Swiss commodity company Glencore.

High Teck: Teck Resources Hits 12-Year High on Deal Drama

Glencore PLC GLEN, +1.84% said Wednesday that it would be prepared to consider improvements to its merger, demerger proposal for Teck Resources Ltd TECK, -1.13% . if its board were willing to engage with it, but would also be willing to go directly to its shareholders if not.

Glencore willing to consider improvements to Teck Resources proposal

Long-time shareholders of Vancouver-based Teck Resources ( CA:TECK.B , CA:TECK.A ) have probably never seen the company so busy.

Teck Resources Shareholders Have Lots to Think About as Spinoff Vote Approaches

VANCOUVER, British Columbia, April 18, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will host a conference call to discuss Teck Metals' copper growth portfolio on Tuesday, April 18, 2023.

Teck to host Copper Growth Conference Call on April 18, 2023

Billionaire American/Canadian investor Robert Friedland issued a warning on Twitter Tuesday about the danger of letting Teck Resources get away. Rather than sell to the Swiss holding company Glencore, which is moving in with a $23 billion offer that could get even higher, the Ivanhoe Mines founder said plenty of Canadian investors — including himself — would be interested in getting involved in a potential Teck split.

Billionaire Robert Friedland pushes back against Glencore's attempted Teck takeover in Twitter thread

Teck Resources Limited chairman emeritus and key shareholder Norman Keevil said he would support the sale of Teck's metals business, but only after it completes a plan to spin off its coal business. Keevil also noted that Glencore's proposal is the wrong one, at the wrong time, The Canadian Press reported.

Teck Resources top shareholder Norman Keevil says he's open to company sale after coal business spinoff

VANCOUVER, British Columbia, April 16, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today issued a statement on behalf of Teck Chairman Emeritus Dr. Norman B. Keevil:

Statement from Dr. Norman Keevil

VANCOUVER, British Columbia, April 14, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced certain technical and supplemental updates to the terms of Teck's proposed reorganization to separate into Teck Metals Corp. (“Teck Metals”) and Elk Valley Resources Ltd. (“EVR”) to be voted on by shareholders on April 26, 2023.

Teck Notification of Technical and Supplemental Updates to the Separation Transaction Terms

After a slow first quarter on the dealmaking front, mining M&A is well and truly ramping up as Teck Resources continued to rebuff Glencore PLC's takeover attempts this week, including a sweetened bid with a cash component. Teck on Thursday rejected the revised offer from Glencore and made changes to its proposed restructuring plan to allow for the earlier spinout of its metals and coal divisions into separate entities.

Mining M&A in the spotlight as Glencore persists with Teck takeover bid

(Kitco News) - Glencore made the bid for Teck after it announced plans to separate its coal business. Teck revised the restructuring plan, shortening the timeline to sever the two reorganized businesses.

Teck says no to revised Glencore propoal, shorten separation time

Teck Resources Limited said that it has rejected a sweetened bid from Glencore PLC (LSE:GLEN) and made changes to a proposed restructuring plan to allow for an earlier spinout of its metals and coal divisions into separate entities. Originally an all-share proposal, Glencore then revised its proposal and offered Teck's shareholders 24% of the combined metals group and up to $8.2 billion in cash for those who may not want exposure to thermal coal.

Teck Resources rejects sweetened Glencore bid yet again as it pushes for its own separation plan

The Canadian miner said its own plan to split into two independent companies was in the best interest of its shareholders.

Teck Resources Again Rebuffs Glencore's $23 Billion Approach

Reduction in royalty minimum term allows for earlier full separation EVR capital expenditure cap enhances alignment between EVR and Teck Metals

Teck Updates Separation Transaction Terms in Response to Shareholder Feedback

Glencore's revised proposal is materially unchanged and still not in best interest of Teck Board recommends shareholders vote FOR separation and dual class amendment

Teck Board of Directors Unanimously Rejects Revised Unsolicited Proposal from Glencore

Glencore's sweetened bid for integrated miner Teck Resources is a “sound strategic move,” according to Canaccord analysts. Earlier this week, the commodities sweetened its offer to Teck Resource to make the Canadian group more amenable to its merger proposal.

Glencore's sweetened bid for Teck Resources makes it hard for shareholders to refuse - broker

Newcrest Mining Ltd

Rio Tinto plc Sponsored

Glencore PLC (LSE:GLEN)'s attempt to acquire Teck Resources Ltd (TSX:TECK.B) as well as Newmont Corporation's sweetened takeover offer for Newcrest Mining Limited (ASX:NCM), Australia's largest listed gold miner, have helped boost investor interest in mining stocks recently.  Shares of Teck Resources, for example, have surged 33% over the last six months, while Rio Tinto PLC (LSE:RIO)'s NYSE-listed stock has moved 25% higher during the same time.

Mining stocks boosted by M&A activity and higher commodity prices

Analysts at Stifel increased their price target and reiterated their Buy rating on Teck Resources Limited following the copper-focused company's plans to separate Teck into two separate companies, Teck Metals and Elk Valley Resources (EVR). Teck has called on shareholders to vote on April 26 for their existing plan to separate Teck into Teck Metals and Elk Valley Resources (metallurgical coal).

Stifel ups price target and reiterates Buy rating for Teck Resources on Elk Valley Resources spinout plan

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B) (NYSE: TECK) today confirmed that it has received a revised, unsolicited, non-binding proposal from Glencore plc, which would see that company acquire Teck.

Teck says Glencore's revised proposal does not provide increase in overall value to be received by shareholders

(Kitco News) - Teck is a diversified resource company with operations in Canada, the United States, Chile, and Peru, Teck produces copper, zinc, and steelmaking coal, as well as other metals, minerals, and energy products.

Glencore revises Teck deal

Teck Resources' (TECK) first-quarter 2023 steelmaking coal sales are in line with its guidance.

Teck Resources' (TECK) Q1 Steelmaking Coal Sales Improve Y/Y

The commodities company said it would add a cash component to its roughly $23-billion merger proposal for the Canadian miner, as it seeks to cinch a deal that would create a copper giant.

News for Teck Resources Stock (TECK)