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Teck Resources Ltd (TECKb.TO)

TECKb.TO on Toronto Stock Exchange

30.24CAD
13 Dec 2018
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Latest Key Developments (Source: Significant Developments)

RCMP Investigating Fatal Motor Vehicle Collision at Teck Coal's Elkview Mine
Sunday, 18 Nov 2018 11:07pm EST 

Nov 18 (Reuters) - :RCMP SAYS ELK VALLEY REGIONAL DETACHMENT RCMP OFFICERS WERE CALLED TO A REPORT OF A TWO VEHICLE MOTOR VEHICLE COLLISION AT TECK COAL'S ELKVIEW MINE.ROYAL CANADIAN MOUNTED POLICE SAYS ELK VALLEY RCMP INVESTIGATING A MOTOR VEHICLE COLLISION WHICH CLAIMED LIFE OF A FERNIE MAN EARLIER THIS MORNING.  Full Article

Teck Receives Regulatory Approval For Share Buy-Back Program
Thursday, 4 Oct 2018 06:17pm EDT 

Oct 4 (Reuters) - Teck Resources Ltd ::TECK RECEIVES REGULATORY APPROVAL FOR SHARE BUY-BACK PROGRAM.TECK MAY PURCHASE UP TO 40 MILLION CLASS B SHARES DURING PERIOD STARTING OCTOBER 10, 2018 AND ENDING OCTOBER 9, 2019.EXCHANGE ACCEPTED TECK'S NOTICE OF INTENTION TO MAKE A NORMAL COURSE ISSUER BID TO PURCHASE ITS CLASS B SUBORDINATE VOTING SHARES.  Full Article

British Columbia Utilities Commission Says Approved BC Hydro's Application
Wednesday, 18 Jul 2018 05:00pm EDT 

July 18 (Reuters) - Teck Resources Ltd ::BRITISH COLUMBIA UTILITIES COMMISSION SAYS APPROVED BC HYDRO'S APPLICATION TO PURCHASE TECK RESOURCES' TWO-THIRDS SHARE OF WANETA DAM IN SOUTHEASTERN B.C..  Full Article

Suncor Energy Says Q4 2017 Oil Sands Operations Produced About 447,000 Barrels Per Day
Wednesday, 3 Jan 2018 06:00pm EST 

Jan 3 (Reuters) - Suncor Energy Inc ::SUNCOR ENERGY INC - UPSTREAM PRODUCTION OF 736,000 BARRELS OF OIL EQUIVALENT PER DAY (BOE/D) IN Q4, WHICH IS IN LINE WITH RECORD PRODUCTION FROM Q3.SUNCOR ENERGY INC - Q4 2017 OIL SANDS OPERATIONS PRODUCED APPROXIMATELY 447,000 BARRELS PER DAY.SUNCOR ENERGY INC - ALSO ANNOUNCED FORT HILLS PARTNERS HAVE RESOLVED PREVIOUSLY ANNOUNCED COMMERCIAL DISPUTE & REACHED AGREEMENT.SUNCOR ENERGY - UNDER TERMS OF FORT HILLS AGREEMENT, CO'S SHARE OF FORT HILLS PROJECT INCREASED TO 53.06% AND TECK'S SHARE INCREASED TO 20.89%.SUNCOR ENERGY - CO, TECK HAVE FUNDED AN INCREASED SHARE OF FORT HILLS PROJECT CAPITAL, IN AMOUNTS OF APPROXIMATELY $300 MILLION & $120 MILLION RESPECTIVELY.SUNCOR ENERGY - UNDER AGREEMENT SUNCOR & TECK RESOURCES HAVE EACH ACQUIRED ADDITIONAL WORKING INTEREST IN FORT HILLS PROJECT FROM TOTAL E&P CANADA.  Full Article

Teck Resources Says Operations Will Continue During Expected Strike
Tuesday, 12 Dec 2017 04:43pm EST 

Dec 12 (Reuters) - Teck Resources Ltd ::TECK RESOURCES - UNION OF WORKERS OF QUEBRADA BLANCA INDICATED THAT IT MAY PROCEED WITH STRIKE ACTION AS EARLY AS DEC 13.TECK RESOURCES LTD - OPERATIONS WILL CONTINUE DURING A STRIKE AND WE DO NOT ANTICIPATE AN IMPACT ON OVERALL PRODUCTION.  Full Article

Teck Updates Steelmaking Coal Guidance
Tuesday, 5 Dec 2017 12:32pm EST 

Dec 5 (Reuters) - Teck Resources Ltd ::TECK UPDATES STEELMAKING COAL GUIDANCE.TECK RESOURCES - STEELMAKING COAL SALES VOLUMES FOR Q4 REMAIN IN LINE WITH PREVIOUS GUIDANCE OF ABOUT 6.5 MILLION TONNES.TECK RESOURCES LTD - ‍ TECK EXPECTS TO REALIZE AN AVERAGE PRICE, FOR ALL TONNES SOLD IN Q4, OF APPROXIMATELY US$165 TO $170 PER TONNE​.  Full Article

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