Elk River Valley coal mining activities linked to extremely toxic levels of selenium in nearby river.
Teck Resources Limited Mining News
Canada’s Teck Q4 profit fell victim to slumping coal prices
Vancouver-based Teck Resources Ltd. is yet another miner feeling the impact of low coal prices: net profit was down 54% last year from same period in 2011.
Teck Resources coal sales to exceed prior outlook
Shares in Canada’s Teck Resources (TSX:TCK.B) (NYSE:TCK) climbed slightly Friday after the company announced that coal sales for the fourth quarter are expected to top its prior outlook of 6.2 million tonnes.
Teck Resources down 5% after profits more than halve
The diversified miner suffered lower realized prices across the board with copper down 14% to $3.57 a pound, its realized coal price was 26% below Q2 2011 at $202 a tonne. Zinc (-15%), silver (-24%), lead (-22%) and molybdenum (-18%) prices all declined.
Teck announces tentative collective agreement at Trail Operations
Teck Resources Limited ("Teck") (TCK.A and TCK.B, NYSE: TCK) announced today that Teck and Locals 480 and 9705 of the United Steelworkers have reached a tentative collective agreement covering Trail Operations.
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.
The gold in mining: Canada's B.C. sector thriving, thanks in large part to China
The head office is just one among 800-odd mining companies clustered in downtown Vancouver. But even in a group so large it serves as the backbone of the city’s business district — and the world’s centre of mining expertise — Teck Resources stands out.
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.
