Teck Resources said it will separate its business into two independent, publicly-listed companies – Teck Metals Corp. and Elk Valley Resources Ltd. – in an effort to provide investors choice of businesses with unique fundamentals and value propositions.
Read MoreCanadian miner Teck Resources, after multiple reports of rumors, confirmed it is considering a spin-out of its steelmaking coal business. Officials said Feb. 14 the company is currently evaluating alternatives that could include a spin-out of interest to its shareholders. “Any transaction would be expected to create value for Teck’s shareholders and support continued benefits for communities and Indigenous Peoples…
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Just days before Christmas, Teck Resources reportedly inked a deal with Conuma Resources to sell its closed Quintette coal mine in northeastern British Columbia, Canada for C$120 million. According to Canadian Press, the cash transaction also includes an ongoing 25% net profit interest royalty that will be payable once the buyer’s investment in the mine has been recovered. Conuma, a…
Read MoreCanadian miner Teck Resources has agreed to sell its 21.3% interest in the Fort Hills Energy LP and certain associated downstream assets to Suncor Energy for C$1 billion in cash. The Fort Hills Energy LP owns the Fort Hills oil sands mine in northern Alberta. The deal boosts Suncor’s stake in the project to 75.4%. Total E&P Canada holds the…
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Call it a fight against the rise in superbugs: how antimicrobial copper is helping eliminate bacteria on high-touch surfaces in hospitals across British Columbia. By Jay Schlosar End uses for copper are growing exponentially. Now, in a fight for the more than 220,000 hospital patients in Canada that will contract healthcare-acquired infections this year comes the growing emergence of antimicrobial…
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Canadian diversified miner Teck Resources said its Elkview met coal operation in British Columbia’s Elk Valley will be closed for one to two months for repairs at its plant. Officials have confirmed a structural failure of the plant feed conveyor belt. In the meantime, it will reschedule its planned plant maintenance at the operation to take advantage of the downtime,…
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Teck Resources and PolyMet Mining have agreed to form a 50/50 joint venture named NewRange Copper Nickel to advance PolyMet’s NorthMet project and Teck’s Mesaba mineral deposit.
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Canadian miner Teck Resources has released unaudited second quarter 2022 steelmaking coal sales volumes and realized prices.
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Canadian miner Teck Resources has announced it is partnering with MEDATech on the pilot of a fully electric on-highway transport truck – marking the first use of a battery-electric truck to haul copper concentrate worldwide. The pilot is set to begin this summer and is projected to eliminate 418 tonnes of CO2 annually for the first pilot vehicle, while also…
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Teck Resources has confirmed that its Highland Valley Copper operations (HVC) in British Columbia has been awarded Copper Mark distinction – the first mine in all of Canada to do so. It is also Teck’s first copper operation to achieve the certification, though Teck said it has plans for its Carmen de Andacollo and QB2 projects, which is expected to…
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