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Teck Resources Ltd (TECKb.TO)

TECKb.TO on Toronto Stock Exchange

29.60CAD
26 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Teck Announces Share Buyback Increase To $1 Bln And Redemption Of $600 Mln Principal Amount Of Notes
Thursday, 30 May 2019 06:51pm EDT 

May 30 (Reuters) - Teck Resources Ltd ::TECK ANNOUNCES SHARE BUYBACK INCREASE TO $1 BILLION AND REDEMPTION OF US$600 MILLION PRINCIPAL AMOUNT OF NOTES.TECK-WILL APPLY ADDITIONAL $600 MILLION OF CASH ON HAND TO REPURCHASE CLASS B SUBORDINATE VOTING SHARES UNDER PREVIOUSLY ANNOUNCED NORMAL COURSE ISSUER BID PROGRAM.TECK RESOURCES - ISSUED NOTICE OF REDEMPTION TO REDEEM, ON JUNE 29, 2019, ALL OF $600 MILLION PRINCIPAL AMOUNT OF OUTSTANDING 8.5% NOTES DUE IN JUNE 2024.$400 MILLION OF SHARE REPURCHASES PREVIOUSLY ANNOUNCED IN NOVEMBER 2018 ARE NOW COMPLETE.CO WILL NOT PROCEED WITH MACKENZIE REDCAP EXTENSION AT CARDINAL RIVER STEELMAKING COAL OPERATION.TECK WILL HAVE NO SIGNIFICANT NOTE MATURITIES DUE UNTIL 2035.  Full Article

Teck Resources Sets Dividend Of C$0.05 Per Share
Tuesday, 12 Feb 2019 08:34pm EST 

Feb 12 (Reuters) - Teck Resources Ltd ::SETS DIVIDEND OF C$0.05PER SHARE.  Full Article

Teck Announces $0.15 Dividend And $400 Million Share Buyback
Thursday, 15 Nov 2018 08:21pm EST 

Nov 16 (Reuters) - Teck Resources Ltd ::TECK ANNOUNCES $0.15 DIVIDEND AND $400 MILLION SHARE BUYBACK.TECK-BOARD DIRECTED MANAGEMENT TO APPLY $400 MILLION TO REPURCHASE OF CLASS B SUBORDINATE VOTING SHARES UNDER PREVIOUSLY ANNOUNCED NORMAL COURSE ISSUER BID PROGRAM.  Full Article

Newmont Acquires 50 Percent Stake In Galore Creek Project In British Columbia
Thursday, 26 Jul 2018 06:45am EDT 

July 26 (Reuters) - Newmont Mining Corp ::NEWMONT ACQUIRES 50 PERCENT STAKE IN GALORE CREEK PROJECT IN BRITISH COLUMBIA.NEWMONT MINING CORP - NOVAGOLD AGREEMENT ENCOMPASSES A STAGED AND CONTINGENT INVESTMENT OF $275 MILLION.NEWMONT MINING - AGREEMENTS TO BUY 50 PERCENT INTEREST IN GALORE CREEK PARTNERSHIP FROM NOVAGOLD RESOURCES, TO FORM PARTNERSHIP WITH TECK RESOURCES.NEWMONT MINING - NOVAGOLD DEAL HAS INITIAL PAYMENT OF $100 MILLION; PAYMENT OF $75 MILLION ON EARLIER OF PREFEASIBILITY STUDY COMPLETION/3 YRS FROM CLOSING.  Full Article

Teck Reports Q4 Adjusted Profit $1.21 Per Share
Wednesday, 14 Feb 2018 03:01am EST 

Feb 14 (Reuters) - Teck Resources Ltd ::TECK REPORTS UNAUDITED FOURTH QUARTER RESULTS FOR 2017.ADJUSTED PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF $700 MILLION ($1.21 PER SHARE) IN THE FOURTH QUARTER‍​.PROFIT ATTRIBUTABLE TO SHAREHOLDERS WAS $760 MILLION ($1.32 PER SHARE) IN THE FOURTH QUARTER.QTRLY REVENUES C$ 3.2 BILLION VERSUS C$ 3.56 BILLION YEAR AGO.REALIZED U.S. DOLLAR STEELMAKING COAL PRICES INCREASED BY 7% FROM THE THIRD QUARTER OF 2017.TECK RESOURCES - ANNUAL PRODUCTION FROM 2019 TO 2021 IS EXPECTED TO BE HIGHER THAN 2018, DESPITE THE CLOSURE OF COAL MOUNTAIN OPERATIONS MID-2018.EXPECTING SALES VOLUMES IN THE FIRST QUARTER OF 2018 TO BE IN THE RANGE OF 6.3 TO 6.5 MILLION TONNES.PLAN TO MAKE AN EQUITY INVESTMENT OF $85 MILLION FOR PORT UPGRADES AT NEPTUNE TERMINALS IN 2018.‍STEELMAKING COAL PRODUCTION IN 2018 IS EXPECTED TO BE BETWEEN 26 AND 27 MILLION TONNES​.TOTAL DEBT AS OF DECEMBER 31, 2017 WAS $5.1 BILLION.‍QTRLY STEELMAKING COAL PRODUCTION 6.9 MILLION TONNES VERSUS 7.3 MILLION TONNES​.QTRLY STEELMAKING COAL SALES 6.4 MILLION TONNES VERSUS 6.9 MILLION TONNES.FORT HILLS PRODUCED ITS FIRST OIL ON JANUARY 27 AND REMAINS ON TRACK TO REACH 90% OF CAPACITY BY THE END OF 2018.EXPECT 2018 COPPER PRODUCTION TO BE IN THE RANGE OF 270,000 TO 285,000 TONNES, SLIGHTLY LOWER THAN 2017 PRODUCTION LEVELS‍​.Q4 AVERAGE REALIZED STEELMAKING COAL PRICE OF US$170 PER TONNE WAS US$207 PER TONNE ‍​.  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

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U.S. Supreme Court to hear BP unit's dispute over Montana Superfund site

WASHINGTON The U.S. Supreme Court on Monday agreed to a hear a bid by a unit of British oil major BP Plc to avoid a lawsuit by private landowners in Montana seeking to force the company to pay for a more extensive cleanup of a Superfund hazardous waste site than what federal environmental officials had ordered.