Teck Resources Limited Mining News

Teck Resources grabs Goldcorp’s stake in Mexican project for $50 million

After acquiring Goldcorp's 21% in San Nicolás, Canada's largest diversified miner will be the Zacatecas-based copper-zinc project sole owner.

Teck Resources to buy Toronto’s AQM for $25 million

Move will give the Vancouver miner 80% ownership of Zafranal Peru copper mine project

Coal rally, cost cuts help Teck Resources swing to profit

The mining giant, North America's largest producer of steel-making coal, has raised its production forecast for the year.

Chinese Gov’t official appointment to Teck Resources board raises questions

Watchdog worried about sovereignty issues in the country’s resource sector.

Goldcorp and Teck plow ahead with new $3.5bn mine in Chile

The project, renamed NuevaUnion, would be one of the largest copper-gold-molybdenum mines ever-developed in Latin America.

Teck Resources goes from dud to darling as coal makes a comeback

The company's shares have almost tripled this year, making it the best-performing global miner amid the rebound in commodity prices and a projected fivefold improvement in earnings.

Teck Resources posts better-than-expected profit as costs drop

Canada’s largest diversified miner logged a 38% increased in overall profit for the first quarter of the year.

Spill at Teck’s plant in Canada now contained, no risks to human health

The now contained spill, which happened at Teck's Trail smelting and refining plant in British Columbia, lasted for about 15-20 minutes.

Teck Resources logs $536M loss in Q4 on depressed commodities, asset charge

The loss includes a Cdn$598 million impairment charge on its Fort Hills oil sands project in Alberta.

Goldcorp, Teck combine projects, create new $3.5 billion mine in Chile

The 50/50 joint venture, momentarily named Project Corridor, is expected to help slash development costs as metal prices have dropped to multiyear lows.

Teck Resources to axe 1,000 jobs, lowers dividend

With the announced cuts the diversified miner brings the total redundancies over the past 18 months to about 2,000.

Teck Resources swings to loss after $1.7 billion charge

Earnings, however, beat analysts’ estimates as Canada’s largest diversified miner cut costs to deal with weak commodity prices.

Suncor tightens grip on Fort Hills oil sands project

The project is expected to boost output in northern Alberta by 180,000 barrels a day, with production set to begin by the fourth quarter of 2017.

Goldcorp, Teck combine projects, create new $3.5 billion mine in Chile

The miners expect significant savings and environmental advantages by combining the two neighbouring projects, which are only 40 kilometres apart.

Coal slump hits Teck’s profit, output forecast

The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.

Teck Resources delays Frontier oil sands project by five years

Teck Resources Ltd. is delaying the planned startup of a multibillion-dollar oil sands mine by at least five years, becoming the latest company to push back development as shaky energy markets threaten profits in the high-cost sector.

Chile may revoke Teck’s copper mine permit over environmental breaches

Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.

Barrick to get $1.5 billion for Chilean copper mine

The gold miner is said to be evaluating whether to put its Zaldivar copper mine on the block as it tries to meet an ambitious debt reduction target.

Teck profits slashed in half on weak coal, copper prices

Teck Resources Limited (TSX:TCK.B) saw its 2014 profit fall by more than half compared with 2013 as copper and steelmaking coal prices remained low throughout the year.

Teck reports 37% drop in Q3 profit, points to low steelmaking coal prices

Teck Resources Ltd. reported adjusted profit of $159 million for the three months ended September 30, 2014

Teck Resources' profit hit by lower coal prices

The price drop overshadowed the miner’s coal sales increase during the quarter, which totalled 6.8 million tonnes, compared with 6.3 million tonnes a year earlier.

Teck to axe 600 jobs, postpones Quintette coal mine restart

Weak commodity prices hurt Teck's three core business units —coal, copper and zinc— but coal was particularly hard hit due to increased supply from Australia, the company said.

Teck announces partners proceeding with Fort Hills oil sands project

Fort Hills has an estimated contingent resource of 3.3 billion barrels of bitumen.

Teck profit dives, freezes projects in Canada and Chile

The Vancouver-based firm also increased its cost reduction target to $300 million, up from the previous target of $250 million.

Lower coal prices take a toll on Teck profit

Miner blamed sharp drops in coal and copper prices for the lower profit.