Teck Resources Limited

Mining Association of BC chooses announces Teck's executive as 2012 mining person of the year

The Mining Association of British Columbia (MABC), as part of its annual BC Mining Week celebrations, announced today that the 2012 recipient of the MABC Mining Person of the Year Award was issued Douglas H. Horswill, Senior Vice President of Teck Resources Ltd.

Canadian Teck Resources shows renewed interest for the iron ore industry

Canadian miner giant Teck Resources Ltd. (NYSE:TCK, TSX:TCK.B) is interested in entering the iron ore industry and would seek to acquire a producing asset rather than develop a mining project, chief executive Don Lindsay told Bloomberg yesterday at the Canada Economic Summit, in Toronto.

Fluor wins copper mill optimization work in British Columbia worth $397 million

Fluor Corporation (NYSE: FLR) announced today that it was awarded a contract from Teck (NYSE: TCK) to provide engineering, procurement and construction management (EPCM) services for the Highland Valley Copper Mill Optimization project in British Columbia, Canada.

Teck cashes in on Chile’s copper

For centuries, pilgrims have thronged to the Chilean mountain town of Andacollo – to worship at the historic church and to mine the dusty hills for copper. Now a new wave of pilgrims is worshipping at the altar of Andacollo – Canadians, in the form of Teck Resources Ltd., which that has spent more than US$ 440 million expanding an open-pit copper project on the edge of town.

Teck files environmental assessment for Chilean project

Teck Resources' epic $5.6 billion Quebrada Blanca copper-molybdenum mine expansion has taken another step ahead.

Report rejects Chinese takeovers as threat to Canada

Most Chinese takeovers in the resource sector do not pose a threat to national security, says the author of a new report on Chinese investment in Canada.

Colombian Mines Strikes $15.5 Million Agreement With Strategic Investor At Yarumalito

Colombian Mines Corporation (TSX VENTURE:CMJ)(FRANKFURT:X6C) ("Colombian Mines" or "the Company") is pleased to announce that, subject to regulatory approval, Teck Resources Limited ("Teck") and the Company have entered into an agreement with a value of $15,500,000 to Colombian Mines and its shareholders.

Teck CEO says zing is back in zinc

Lindsay's comments come despite forecasts of supply outstripping demand by at least 350,000 tonnes (some analysts put the figure as high as 539,000 tonnes) this year further putting pressure on prices.

Teck launches billion-dollar bond sale to pay down debt

Canadian miner giant Teck Resources (TSX:TCK.B) has priced a $1 billion, two-part bond deal featuring seven-year and 30-year maturities in the U.S. credit markets, announced late Thursday.

Teck buy-in rumour has Fortescue shares jumping 5%

Fortescue Metals was up 5% Monday on rumours that Canadian coal and copper/zinc miner Teck Resources is making a play for the third-largest iron ore producer in Australia.

Teck Resources profit lifted by soaring coal prices

Canadian miner giant Teck Resources (TSX:TCK.B) reported Thursday a record annual profit of $2.7 billion, up by half from 2010, fuelled mainly by higher coal prices.

Panel to check Teck's Frontier Oil Sands potential for "significant adverse effects on the environment." Review can take 6 years

Peter Kent, Canada's environment minister on Friday referred Teck Resources's newly acquired Frontier Oil Sands project in northern Alberta to an independent review panel because of the propose mine's "potential for significant adverse effects on the environment. "

Teck acquires oil sands partner SilverBirch for C$435M

Teck Resources Ltd. (TSX:TCK.A) announced today that it will acquire its oilsands partner SilverBirch Energy Corp. (TSXV:SBE) for over C$435 million.

Highland Valley Copper workers vote to strike

A Kamloops BC TV station reports workers at Teck Resources Highland Valley Copper mine have voted 99.5% in favour of striking if necessary to back wage and benefit demands. The 1,100 unionized workers voted Sunday, less than a week before their contract is due to expire.

The Highland Valley Copper mine is the largest copper mine in Canada and one of the largest copper mining and concentrating operations in the world. Teck announced last week a $475 million upgrade of its 40-year-old Highland Valley mill to bring it in line with the mine's 2025 end of life, and a separate $210 million investment at a BC lead and zinc operation.

Junior sold for 800% more 18 months after IPO as coal miners go mad for Mongolia

Strong interest in the Mongolian resource sector has provided shareholders in Hunnu Coal a 800% gain in only 18 months. Thailand's Banpu announced Tuesday it is taking over the ASX-listed junior for $400 million or $1.80/share – Hunnu went public in February 2010 at 20c.

Hunnu may be the first of many firms with Mongolian coal assets to attract bidders with Ivanhoe Mines' SouthGobi and TSX-V junior Prophecy Coal talked about as likely targets and a way in for smaller investors who are not be able to participate in Tavan Tolgoi's $3 billion IPO slated for next year.

Teck doubles Q2 profits

Diversified miner Teck Resources doubled its quarterly profit on higher copper and coal prices, the company announced on Thursday.

Teck said it brought in $756 million in profits in the second quarter of 2011, a 90 percent increase from the same period in 2010, or $1.12 a share compared to 59 cents per share in Q2 2010.

President and CEO Don Lindsay attributed the doubling of profits to higher prices for coal and copper — the company's chief commodities — along with a US$2 billion rights offering in July that cashed up the company to the tune of $3.4 billion.

Photo of Teck's Elkview operation in southeastern British Columbia, by Teck Resources Limited.

Teck updates coal guidance: coal sales slow due to Japanese earthquake

Teck Resources provided an update today to its coal guidance for the second quarter.

As a result of the February earthquake and tsunami in Japan, some of Teck's coal customers have deferred shipments due to reduced steel production requirements and Teck now expects coal sales in the second quarter at the low end of its previously announced guidance range of 5.5 to 6.0 million tonnes.

Teck announces temporary production interruption at Carmen de Andacollo

Teck Resources announced today that the mine and mill at its Carmen de Andacollo copper operation in Chile was idled on the morning of June 6th due to unusually heavy rain. The mine and mill are expected to be restarted on June 7th. Production loss due to the interruption is expected to be minimal.

Teck announces retirement of General Manager, Trail Operations

Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that Mike Martin will retire from his role as General Manager Trail Operations. Mr. Martin will transition from his General Manager role beginning July 1, 2011.

Teck reaches tentative agreement with Fording River union: BIV

Business in Vancouver reports:

In a labour negotiation that has avoided the kind of strikes seen at the company’s Elkview and Coal Mountain mines in recent months, Teck Resources Ltd. (TSX:TCK.A, TCK.B; NYSE:TCK) announced this morning that it has arrived at a tentative collective agreement with the workers at Fording River – B.C.’s largest mine.

Teck Resources announces dividend

Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that it will pay an eligible dividend of $0.30 per share on its outstanding Class A common shares and Class B subordinate voting shares on July 5, 2011, to shareholders of record at the close of business on June 15, 2011.

Teck opens new copper concentrator at Carmen de Andacollo in Chile

Teck Resources held an inauguration ceremony last Friday to celebrate the recent start of operations at its new Carmen de Andacollo copper concentrator. It reached commercial production in October 2010 and has extended mine life by about 20 years, increased production capacity …

Teck more than doubles Q1 profits

Vancouver-based Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) reported earnings attributable to its shareholders of $461 million, or $0.78 per share. Adjusted quarterly profit was $450 million, or $0.76 per share, more than double the $198 million reported in the first quarter of 2010.

Image by Teck Resources Limited

Teck announces Elkview operation collective agreement

Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that employees at its Elkview operation in southeast British Columbia have ratified a new five-year agreement, replacing an agreement which expired on October 31, 2010.

Production at the mine will resume effective Friday, April 8 following a temporary suspension due to strike action taken by Local 9346 of the United Steelworkers of America on January 30, 2011.

Teck announces preliminary settlement at its Elkview operation

Teck announced on Saturday that it had reached a settlement deal with Local 9346 of the United Steelworkers of America to end the strike at the company's Elkview operation.

According to a company statement, the parties will recommend the memorandum of settlement to their respective groups. The union ratification vote is scheduled for Thursday, April 7, 2011. If the agreement is ratified, production at the mine could resume by Friday, April 8, 2011.