The miners expect significant savings and environmental advantages by combining the two neighbouring projects, which are only 40 kilometres apart.
Teck Mining News
Teck credit rating at risk due to poor commodity price
Teck Resources Ltd. (TSX:TCK.B)(NYSE:TCK) reported increased profit in 2015’s second quarter but as commodity prices slide, the company sees a greater risk of its credit rating being demoted from investment-grade.
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.
BHP tipped as favourite in race for Barrick’s Zaldivar mine in Chile
BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.
Teck reacts to depressed coal prices by halting production at Canadian mines
The company says each of its six mines will be shut down for three weeks in the third quarter.
Teck cuts dividend as coal continues downward slide
Canada’s largest diversified miner says slashing the dividend by two-thirds will allow it to keep generating positive cash flow.
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's profits drop 22 pct
"At current exchange rates, each US$1 change in the price of a barrel of oil has an approximate $5 million effect on our operating costs."
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.
Fort Hills a 'sweet spot' for Teck
Teck, which owns 20% of the project, claims it is “one of the best undeveloped oil sands mining assets in the region.”
Teck invests further in Halifax’s Erdene to expand copper exploration in Mongolia
Erdene Resource owns the Altan Nar gold-polymetallic project, located in southwest Mongolia, 200 kilometres from the border with China.
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 Resources outlook cut on lower met coal prices
Downward trending metallurgical coal prices has prompted Dundee Capital Markets to lower its 2014 and 2015 forecasts for the commodity, leading to a price target cut on Teck Resources.
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.
Coal mines of British Columbia polluting river: US report
Elk River Valley coal mining activities linked to extremely toxic levels of selenium in nearby river.
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 announces notes offering
The senior notes, guaranteed by Teck Metals, are to generate proceeds, in addition to cash on hand, to fund the redemption of all of its outstanding 10.25% senior notes due 2016.
Teck weighs future of its $5.6 billion expansion project in Chile
Canadian miner Teck Resources has temporarily withdrawn the Social and Environmental Impact Assessment application for its $5.6 billion Quebrada Blanca II expansion project in northern Chile.
The gold in mining: Canada's B.C. sector thriving, thanks in large part to China
The head office is just one among 800-odd mining companies clustered in downtown Vancouver. But even in a group so large it serves as the backbone of the city’s business district — and the world’s centre of mining expertise — Teck Resources stands out.
Teck cashes in on Chile’s copper
For centuries, pilgrims have thronged to the Chilean mountain town of Andacollo – to worship at the historic church and to mine the dusty hills for copper. Now a new wave of pilgrims is worshipping at the altar of Andacollo – Canadians, in the form of Teck Resources Ltd., which that has spent more than US$ 440 million expanding an open-pit copper project on the edge of town.
Record revenues for Teck despite lower metals prices
Teck Resources fought against lower metals prices to post record revenues for the first quarter.
DF Ecology fights dust at Teck’s Carmen de Andacollo copper mine
DF Ecology, the Italian producer of environmentally focussed equipment, recently responded to an appeal by Chilean Carmen de Andacollo for an individually designed Dustfighter.
Teck and China's Ministry of Agriculture Sign Agreement to Promote Zinc Fertilizer
Teck Resources LimitedLimited ("Teck", TSX: TCK.A and TCK.B, NYSE: TCK) and the National Agricultural Technology Extension Service Center of the Ministry of Agriculture of China (NATESC) announced today that they have signed an agreement to demonstrate and promote zinc fertilizer use in China.
