Teck Mining News

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.

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.

Teck partially suspends smelter due to forest fire smoke

No timeline for resumption of operations.

Teck's Quebrada Blanca project gets green light

Teck Resources received regulatory approval for its Quebrada Blanca Phase 2 project in the Tarapacá Region in northern Chile.

US-China trade spat wipes $57B from top mining stocks in fortnight

Copper, iron ore prices drop, mining majors punished as US threatens more tariffs on "predatory" Chinese imports and Beijing calls it "blackmail".

Teck ups stake in Chile Quebrada Blanca copper mine in $162.5m deal

Company now owns 90% of Compañía Minera Teck Quebrada Blanca, which main asset is the namesake copper project in Northern Chile.

Teck restarts Elkview dryer, to lose 200,000 tonnes of coal production

Company expects to lose about 200,000 tonnes in steelmaking coal output.

Teck Resources down despite better profit in Q4

The firm, North America's No.1 producer of coking coal, said the boost in profit was mainly thanks to the reversal of an impairment charge related to an improvement in the outlook for steelmaking commodity.

Canada’s Fort Hills oil sands project delivers first bitumen

Project is on track to reach 90% of capacity — or 194,000 barrels per day — by the end of the year.

Total to wait for better oil prices before selling Canadian assets

CEO Patrick Pouyanne said the company’s priority was "value over volume", adding that oil sands were among the high breakeven projects in Total's portfolio.

Copper, iron ore price drops bring mayhem to mining stocks

Is the industrial metals and steelmaking raw materials rally at en end?

Teck's steelmaking business jumps from $52M to $785M in 2Q

What a difference a year makes.

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.

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.

Zinc’s time to shine

Zinc was the second-best performing commodity in 2016, with a staggering 65.7% return.

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.

The world's 10 largest copper mining projects

INTERACTIVE MAP: Together reserves at the global top 10 copper mining projects are worth more than $360 billion.

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.

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.