Teck Resources Mining News

Teck misses Q4 profit estimates on lower copper, zinc and oil prices

Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.

Teck Resources flags fourth-quarter profit coming below estimates

EBITDA will be down by about $148 million.

Miners try to move away from fossil fuels — report

A research report by Wood Mackenzie states that electrification and automation will be a key priority for global mining companies.

Mining companies turn to digitalization to improve efficiency — WoodMac

We expect more companies to unveil energy transition blueprints in 2019.

Chile's copper production to exceed 6 million tonnes for first time in 2019

Production of the red metal, the agency says, could reach a record of 7.25 million tonnes as early as 2025.

Teck Resources invests in Sun Metals’ Stardust project

The company reports the region hosts a large geological endowment and supports numerous operating mines.

Strong Chilean copper project pipeline expected to come online — report

The report does have a caveat.

Copper deals to get elusive after Teck's $1.2 billion sale

The expansion of the mine, which will require an estimated investment of $4.7 billion, is set to start producing in 2021 and could double Teck’s copper business.

Teck chooses Sumitomo to develop Chilean copper project in $1.2B deal

Sumitomo Metal Mining and Sumitomo Corp. will pay $800 million earn-in contribution and $400 million matching contribution for a third of Teck's 90% interest in Quebrada Blanca mine.

Teck to name partner in Chilean copper project in December

Canada’s largest diversified miner is also studying a Phase 3 for Quebrada Blanca, which would double the mine’s capacity to 600,000 tonnes of copper a year from the 300,000 it’s expected to achieve once Phase 2 is completed.

Rio Tinto wants a piece of Teck’s copper project in Chile

Canada’s largest diversified miner has been looking for a development partner for the $4.8-billion extension of Quebrada Blanca copper mine in northern Chile.

Capital-starved mining sector creates 'buyer's market' for investors

Smaller mines and developers who previously found capital through retail investors in public markets are increasingly turning to specialist investors.

Horizonte Minerals shares tank on lower nickel project profitability

Horizonte plans to raise $443 million to begin construction on the mine in the middle of 2019, production slated for late 2021.

Eco-group tells hearing Frontier oil sands megaproject would be a 'carbon disaster'

But Teck Resources says it will have the most advanced emission-control system in oil sands.

Mitsubishi, Sumitomo said to be after Teck’s Quebrada Blanca mine

Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.

Teck seeking partner for $4.8bn Quebrada Blanca mine expansion

Canada's largest diversified miner said that before beginning the copper mine upgrade, it would have to secure a development partner able to invest $2billion for up to 30% to 40% stake in the project.

Old, large soil stockpiles and mine site restoration

Can soil from an old, large stockpile still retain viable organics for successful site reclamation?

The business of heat: British Columbia resource sector struggles to beat the heat

The province’s businesses grapple with the challenge of rising costs, threats to natural resources and changes in consumer spending patterns.

Teck Resources says poised for growth, names new chair

The world's second-biggest exporter of steelmaking coal stuck to its annual production forecast of 26 million to 27 million tonnes.

Newmont drops $275 million on northern BC project

Golden Triangle.

Canada's Teck adopts new resource extraction technology

Teck displayed some of its high-tech approaches to mining at the recent B.C. Tech Summit.

NuevaUnion gold and copper project to deliver EIA by end of 2018 -source

The project joins two mines - one belonging to Goldcorp and the other to Teck Resources.

Canadian junior to acquire gold-silver project in Mexico

Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.

Fort Hills oilsands ramp up surges over 100,000 bbls/d

The most recent data available from the Alberta Energy Regulator — for December 2017 — shows Fort Hills at 11,525 bbls/d.

Canada's Teck Resources profit rises on higher sales volumes

Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million.