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Teck Resources Ltd (TECKb.TO)

TECKb.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Teck announces dividend and share buyback
Thursday, 16 Nov 2017 05:51pm EST 

Nov 16 (Reuters) - Teck Resources Ltd :Teck announces dividend and share buyback.Teck Resources - ‍board approved distribution of cash to shareholders through supplemental dividend of $0.40 per share.Teck Resources - ‍board also approved distribution of cash to shareholders through a share repurchase mandate equivalent to additional $0.40 per share​.Teck Resources - to apply additional $230 million to repurchase of class B subordinate voting shares through March 31, 2018.Teck says ‍normal course issuer bid program authorizes co to purchase up to 20 million class B subordinate voting shares through period ending Oct 9, 2018​.  Full Article

Teck extends maturity dates of bank credit facilities
Tuesday, 31 Oct 2017 09:11pm EDT 

Oct 31 (Reuters) - Teck Resources Ltd :Teck extends maturity dates of bank credit facilities.Says ‍maturity date of $3 billion facility has been extended from July 2020 to October 2022​.Says ‍maturity date of $1.2 billion facility has been extended from June 2019 to October 2020​.  Full Article

Teck CEO expects "very strong" Q4 benchmark coal price
Thursday, 26 Oct 2017 12:14pm EDT 

Oct 26 (Reuters) - Teck Resources :Expects "very strong" Q4 industry benchmark price for steelmaking coal - chief executive donald lindsay.Teck Resources says has contracted for 10,000 bpd of fort hills bitumen on existing Keystone pipeline to gulf coast; 12,000 bpd on proposed Trans Mountain pipeline expansion.Teck says has plans to sell remaining 25,000 bpd of Fort Hills bitumen at Hardisty, Alberta; has long-term contracts on up to 20,000 bpd.Teck says if Trans Mountain expansion is delayed or not built it can increase capacity on Keystone pipeline, sell at Hardisty or use rail.Teck CEO says "pretty strong case" for company to get back investment grade rating; rating agencies waiting for Fort Hills start, ramp up.Steelmaking coal market prices "stabilizing" after coming off peaks, helped by strong demand outside China.  Full Article

Teck Resources reports quarterly non-GAAP EPS of C$1.08 per share
Thursday, 26 Oct 2017 03:01am EDT 

Oct 26 (Reuters) - Teck Resources Ltd :Teck reports unaudited third quarter results for 2017.‍Adjusted profit was $621 million ($1.08 per share) in Q3 compared with $152 million ($0.26 per share) in Q3 of last year​.‍EBITDA was $1.4 billion in Q3 compared with $804 million in Q3 of 2016​.‍Construction progress on Fort Hills Oil Sands project has surpassed 96%​.Sets quarterly dividend of C$0.05per share.Qtrly revenues C$3.12 billion versus C$2.3 billion last year.Expect coal sales in Q4 of 2017 to be approximately 6.5 million tonnes​.Expecting to achieve total production for year in range of 27 to 27.5 million tonnes and unit cost of sales in range of $49 to $53 per tonne​.‍Original guidance for transportation costs remains unchanged at $35 to $37 per tonne​.Qtrly steelmaking coal production 6.80 millions tonnes versus 7.07 millions tonnes last year.Qtrly steelmaking coal sales 7.54 millions tonnes versus 7.23 millions tonnes last year.‍Total debt as of Sept 30 $4,905 million​.Qtrly steelmaking coal realized (US$/tonne) $159 versus $92 last year.Qtrly steelmaking coal sales volume up C$13 million.Average realized steelmaking coal price in Q3 of US$159 per tonne was US$67 per tonne higher than the third quarter of 2016.Adjusted EBITDA in the third quarter totaled $1.4 billion compared with $696 million last year.Profit attributable to shareholders $600 million, or $1.04 per share, in Q3 versus $234 million, or $0.41 per share in last year.  Full Article

JACOBS ENGINEERING SAYS SELECTED FOR A PRE-FEASIBILITY STUDY IN PERU
Tuesday, 24 Oct 2017 07:45am EDT 

Oct 24 (Reuters) - Jacobs Engineering Group Inc ::JACOBS SELECTED FOR COPPER CATHODE PRODUCTION FACILITY PRE-FEASIBILITY STUDY IN PERU.JACOBS ENGINEERING - AS PER CONTRACT, CO WILL PROVIDE CAPEX AND OPERATING EXPENDITURE ESTIMATES TO TECK AND AURUBIS FOR DETERMINING PROJECT PRE-FEASIBILITY​.JACOBS ENGINEERING - CO SELECTED BY TECK RESOURCES LIMITED AND AURUBIS AG TO PERFORM PFS FOR A PROPOSED COPPER CATHODE PRODUCTION FACILITY IN PERU​.  Full Article

Teck receives regulatory approval for share buy-back program
Thursday, 5 Oct 2017 08:30am EDT 

Oct 5 (Reuters) - Teck Resources Ltd :Teck receives regulatory approval for share buy-back program.Teck Resources - Teck may purchase up to 20 million class B shares during period starting October 10, 2017 and ending October 9, 2018​.Teck Resources Ltd - TSX has accepted Teck's notice of intention to make a normal course issuer bid to purchase its class B subordinate voting shares.  Full Article

Teck increases production guidance for its Red Dog operation
Monday, 18 Sep 2017 12:00am EDT 

Sept 18 (Reuters) - Teck Resources Ltd :Teck increases Red Dog production guidance and updates exploration results in the Red Dog district.Announced increased zinc production guidance for its Red Dog operation and recent results of exploration in Red Dog district in Alaska.Red Dog's zinc production for 2017 expected be in range of 525,000 to 550,000 tonnes, up from last guidance range of 475,000 to 500,000 tonnes.Annual zinc production at Red Dog over next five years is expected to be between 475,000 and 550,000 tonnes of zinc.  Full Article

Teck updates steelmaking coal guidance
Wednesday, 6 Sep 2017 09:00am EDT 

Sept 6 (Reuters) - Teck Resources Ltd :Teck updates steelmaking coal guidance.  Full Article

Teck updates steelmaking coal guidance
Wednesday, 6 Sep 2017 09:00am EDT 

Sept 6 (Reuters) - Teck Resources Ltd :Teck updates steelmaking coal guidance.Teck Resources Ltd - ‍Teck expects to realize an average price, for all tonnes sold in quarter, of approximately us$158 to $163 per tonne​.Teck Resources Ltd - ‍Steelmaking coal sales volumes for Q3 of 2017 are now expected to be between 7.2 and 7.5 million tonnes​.Teck Resources- Q3 2017 price index for steelmaking coal volumes sold under quarterly contract for period June through August, is now established at $170/ tonne.  Full Article

Teck Resources says China Investment Corp's unit sold 42 million Class B subordinate voting shares of Teck
Tuesday, 5 Sep 2017 11:43am EDT 

Sept 5 (Reuters) - Teck Resources Ltd ::Teck Resources - ‍China Investment Corp advised that Unit Fullbloom Investment Corp sold in private transaction 42 million Class B subordinate voting shares.Teck Resources-Following transaction CIC indirectly holds 59.3 million Class B subordinate voting shares or 10.40 percent of outstanding Class B shares of co.Teck Resources ltd -‍Following transaction, CIC holds a voting interest of approximately 4.40 percent in Teck Resources​‍​.  Full Article

Exclusive: Miner Teck taps McKinsey boss Barton for chairman role - sources

VANCOUVER Teck Resources Ltd has held talks with Dominic Barton, the global managing partner of consulting firm McKinsey & Co, about becoming the Canadian miner's next chairman, replacing Norman Keevil, two people familiar with the matter told Reuters.