Teck Resources Limited

COAL, COPPER, ZINC: Teck takes write offs, records quarterly loss

October 22, 2015 by Canadian Mining Journal

VANCOUVER – Third quarter results have not been kind to Teck Resources. The company took impairment charges totalling $2.2 billion after taxes. That amounts to $1.5 billion on metallurgical coal assets, $300 billion on copper, $19 million on zinc, and…

SILVER: Teck, Franco-Nevada strike streaming deal

October 7, 2015 by Canadian Mining Journal Staff

PERU – Teck Resources and Franco-Nevada Corp. have struck a streaming deal for Teck’s share of silver produced at the Antamina copper-zinc mine 270 km north of Lima. Teck owns a 22.50% interest in the Antamina joint venture along…

OIL SANDS: Total E&P sells part of Fort Hills interest to Suncor

September 21, 2015 by Canadian Mining Journal Staff

ALBERTA – Total E&P, an arm of the French petroleum producer, has agreed to sell a 10% working interest in the Fort Hills oil sands project to Suncor Energy of Calgary for a reported $310 million. The $15-billion project 90 km north…

GOLD-COPPER: Goldcorp, Teck establish joint venture in Chile

August 27, 2015 by Canadian Mining Journal Staff

CHILE – Goldcorp of Toronto is buying out its 30% partner, New Gold, at the El Morro copper-gold project. A 50/50 joint venture will be then created with the Relincho copper-molybdenum project belonging to Teck Resources of Vancouver. The…

COAL: Low prices push Alpha Natural, Optimum over edge

August 4, 2015 by Canadian Mining Journal Staff

UNITED STATES and SOUTH AFRICA – Alpha Natural Resources, a large US coal producer with head offices in Virginia, has filed for Chapter 11 bankruptcy. The bad news is not confined to this continent, either. Glencore subsidiaries Optimum…

OIL SANDS: Suncor pumps up bitumen numbers in Q2

July 30, 2015 by Canadian Mining Journal Staff

ALBERTA – Suncor Energy, headquartered in Calgary, generated cash flows in excess of $2.1 billion in Q2 2015, despite the recent drop in crude oil prices. Earnings were in the black, too. The operating figure was $906 million ($0.63 per…

Teck chugs along amid weak coal prices

July 29, 2015 by Canadian Mining Journal Staff

Teck Resources (TSX: TCK.B; NYSE: TCK) posted decent second quarter results, but analysts remain cautious about the diversified miner’s path forward, amid weakening coal markets.

OIL SANDS: Teck pushes Frontier start-up to 2026

July 13, 2015 by Canadian Mining Journal Staff

ALBERTA – Vancouver’s Teck Resources may be most famous for its base metals and coal production, but for several years now the company has had its toe in the waters of the oil sands. It is a 20% partner in the Fort Hills project where…

GOLD: Maclean’s names Kinross top socially responsible mining company

June 16, 2015 by Canadian Mining Journal Staff

TORONTO – Kinross Gold Corp. is the top mining company on Maclean’s new list of Top 50 most socially responsible companies in Canada. The list was determined by the magazine in partnership with Sustainalytics.

SUSTAINABILITY: Teck among best in two separate rankings

June 4, 2015 by Canadian Mining Journal Staff

VANCOUVER – Teck Resources was recognized twice this week as one of the top corporations in Canada for both corporate citizenship and social responsibility in two separate sustainability rankings.

COAL: Temporary shutdowns for six Teck collieries

May 28, 2015 by Canadian Mining Journal Staff

BRITISH COLUMBIA – The failing coal market has forced Teck Resources of Vancouver to announce temporary shutdowns at its six Canadian steelmaking coal operations to adjust production and inventories. The Fording River, Greenhills, Line…

DONATIONS: Teck pie throw raises $1.1M for BC Children’s Hospital

May 13, 2015 by Canadian Mining Journal Staff

VANCOUVER – Mining for Miracles, the BC mining community’s longstanding fundraising campaign for BC Children’s Hospital, raised more than $1 million on May 7 at its signature event, the Teck Celebrity Pie Throw. Participants raised funds…