Teck Resources Mining News

These 4 charts will turn you into a (raging) zinc price bull

Contract treatment charges – an indicator market tightness – fall by most on record while inventories drop to levels last seen in 2008.

Teck dam deal brings giant Chile copper project in focus

Report says $1.2B hydro sale could provide Vancouver-based company the cash cushion to decide on 270,000 tonnes a year Chile copper mine expansion.

Suncor plans to build new oil sands project in Canada

The Lewis project would be located about 25 km northeast of Fort McMurray and could eventually produce up to 160,000 barrels a day.

Canadians asked to weigh in on Teck’s proposed oil sands mine

The Frontier project is located 110 kilometres north of Fort McMurray, in Alberta, around 40 kilometres from the Fort McKay First Nation's reserve.

Teck swings to profit in Q4 but misses expectations

The firm, North America's No.1 producer of coking coal, benefitted from the price rally — steelmaking coal climbed 155.5% to $207 in the quarter.

Teck, Suncor up cost of Fort Hills oil sands project

Cost per barrel, however, will remain at about $84,000 per flowing barrel of bitumen.

Goldcorp buys back gold stream on giant Chile project

Vancouver company pays $65 million cash for a 4% stream on El Morro deposit, half of NuevoUnion, its joint venture with Teck.

Hedge funds have never been this bullish about copper price

Chile closes ports servicing some of the world's biggest copper mines due to rough seas while Escondida strike looms.

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.

Coal rally puts the brakes on asset sales in sector

Prices above $200 a tonne are suddenly making companies that mine the steel-making commodity more unattractive.

Teck delivers surprise profit, stock surges

Systematic cost cutting has taken some strain off Teck's balance sheet over the last few years as metal prices have slumped.

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.

Major correction underway for mining stocks

Monday mayhem as metals rally evaporates and mining's top names are dumped – Anglo's losses since a week ago now 28%, Freeport has plunged 25%.

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 CEO shoots down speculation about Fort Hills oil sands stake

Ceo Don Lindsay said the expenses being incurred on the project act as a tax shelter for the cash flow currently being generated by Teck’s coal and copper mines.

Mining stocks rally as iron ore price surges 7%

Across the board gains on hopes of renewed Chinese metals demand.

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.

Most copper producers in Chile barely breaking even — mining group

The ongoing slump in copper prices spells trouble for Chile's mining industry, where most medium-sized producers are already unable to make a profit.

Suncor cuts oil sands output for 2016

Canada's dominant oil sands player, however, plans to spend about $900 million more next year.

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.