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Brief strike ends at Canada's Westshore coal terminal
Teck Receives Regulatory Approval For Share Buy-Back Program
Teck Says Adjusted Profit Attributable To Shareholders In Q3 Was C$0.24 Per Share
Teck Resources Ltd is a Canada-based company, which engaged in the business of exploring for, acquiring, developing and producing natural resources. The Company’s segments include steelmaking coal, copper, zinc and energy. The Company is a seaborne exporter of steelmaking coal, with approximately six operations in Western Canada. It has approximately four operating mines in Canada, Chile and Peru, and copper development projects in North and South America. It produces mined zinc, with approximately three operating mines in the United States and Peru, and owns one fully integrated zinc and lead smelting and refining facilities located in Canada. It also has an interest in producing oil sands mine in Alberta, as well as oil sands development assets.
550 Burrard St Suite 3300
Sheila A. Murray
Independent Chairman of the Board
Donald Richard Lindsay
President, Chief Executive Officer, Director
Norman B. Keevil
Vice Chairman of the Board
Jonathan Huw Price
Chief Financial Officer, Senior Vice President
Harry Milton Conger
Chief Operating Officer, Executive Vice President
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Canadian miner Teck Resources Ltd <TCKb.TO> <TECK.N> reported a much bigger-than-expected 84% plunge in quarterly profit on Tuesday, hit by shutdowns due to the coronavirus outbreak and weak performance in its energy unit.
Canadian miner Teck Resources Ltd reported an 84% plunge in first-quarter adjusted profit on Tuesday, as production of steel-making coal was hit by coronavirus-led lockdowns.
Miner Teck Resources Ltd <TECKb.TO> suspended its 2020 financial forecasts on Wednesday and said it expected steelmaking coal production to drop to about 80-85% of normal levels in an initial two-week slowdown from March 25 due to the coronavirus outbreak.
Miner Teck Resources Ltd said on Wednesday it expects steelmaking coal production to be reduced to about 80-85% of its normal level during a two-week period from March 25 due to the coronavirus pandemic.
* RESULTS IN OUR STEELMAKING COAL BUSINESS UNIT IMPROVED SIGNIFICANTLY IN LATE FEBRUARY AND MARCH
* DECIDED TO TEMPORARILY OPERATE FORT HILLS AS A SINGLE TRAIN FACILITY
Shares in Teck Resources plunged as much as 21.7% on Wednesday after the Canadian miner suspended construction at a massive copper project in Chile to limit transmission of the novel coronavirus, as falling copper prices also rattled investors.
Teck Resources said on Wednesday it is temporarily suspending construction activities at its Quebrada Blanca Phase 2 (QB2) copper project to ensure employee safety and limit the spread of COVID-19.
* COMPANIA MINERA ANTAMINA, IN WHICH TECK HAS A 22.5% INTEREST, CONTINUES TO OPERATE ANTAMINA MINE
* TECK ANNOUNCES 33% CARBON REDUCTION TARGET AND UPDATED SUSTAINABILITY STRATEGY
Canada's excessively long regulatory process led to cancellation of Teck Resources' Frontier oil sands project, the chief executive of rival Husky Energy said on Thursday.
Canada's excessively long regulatory process led to cancellation of Teck Resources' Frontier oil sands project this week, the chief executive of rival Husky Energy said on Thursday.
Canadian miner Teck Resources Ltd <TCKb.TO> <TECK.N> on Friday floated a potential exit from the oil sands and warned of a possible C$1.13 billion ($852.12 million) hit should Prime Minister Justin Trudeau's government reject its Frontier bitumen mine.
Canadian miner Teck Resources Ltd reported a 75.6% slump in fourth-quarter adjusted profit on Friday, hurt by lower sales volume of steelmaking coal.
Officials from the energy-rich Canadian province of Alberta on Friday insisted the federal government approve a massive oil sands project, rejecting the idea that aid from Ottawa would soften the blow if it were to be quashed.
The prospect of heavy oil prices remaining low for the foreseeable future prompted Suncor Energy <SU.TO>, Canada's second-largest crude producer, to take a C$2.8 billion ($2.11 billion) writedown on its newest oil sands site, its chief executive officer said on Thursday.
Teck Resources Ltd's <TECKb.TO> <TECK.N> first-quarter steel-making coal sales are being affected by bad weather-related rail and terminal disruptions in British Columbia, the Canadian miner said on Wednesday.
The outcome of the Canadian government's pending decision on whether to approve Teck Resources Ltd's <TECKb.TO> Frontier oil sands project is "anyone's guess," the company's chief executive, Don Lindsay, said on Wednesday.
Canadian National Railway Co said on Wednesday it has entered a long-term deal to ship steelmaking coal from some of Teck Resources Ltd's operations in British Columbia.
Canada's Teck Resources Ltd <TECKb.TO> has hired Barclays <BARC.L> to sell all of its 80% stake in its Zafranal copper asset in Peru, as the diversified miner accelerates efforts to exit advanced projects and focus on its massive Chilean expansion, two banking sources told...
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