Teck Resources

Teck Resources Limited is a resource company, which engages in mining and development of mineral properties. It organized into business units focused on steelmaking coal, copper, zinc, and energy. The firm also offers lead, silver, molybdenum and various specialty and other metals, chemicals and fertilizers. It focuses on its project operations located in Canada, Peru, Chile, and U.S. The company was founded on September 24, 1951 and is headquartered in Vancouver, Canada.

Earnings data Q1 2021

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Teck Resources reports robust Q2 earnings post coal business sale

Teck Resources delivered strong financial performance in Q2 2024, driven by copper production and strategic divestment of the coal business. While facing short-term challenges in production guidance, the company's focus on growth projects and shareholder returns highlights a promising future outlook.

Teck Resources excels in energy transition metals, faces QB challenges

Teck Resources showcased strong operational performance, financial discipline, and commitment to sustainability in the Q3 earnings call. Despite challenges in QB operations, the company's strategic focus on safety and value-driven initiatives positions it well for future growth.

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Teck Resources Limited is a resource company, which engages in the exploration, acquisition, development, production, and sale of natural resources. Its products include steelmaking coal, copper, zinc, industrial products and fertilizers, and other metals. Its project operations are located in Canada, Peru, U.S., and Chile. The company was founded on September 24, 1951 and is headquartered in Vancouver, Canada.

Glencore PLC

Glencore has sweetened its offer to Teck Resource to make the Canadian group more amenable to its merger proposal. Originally an all-share proposal, Glencore has now proposed an US$8.2bn cash element that it says effectively buys out Teck shareholders from the combination of the two companies' coal interests.

Glencore sweetens Teck proposal with cash for coal option

Glencore (LON: GLEN) stock price has wavered in the past few days as investors focus on the ongoing Teck Resources acquisition drama. The stock jumped to a high of 484.65p on Tuesday, the highest point since March 9 after Teck rejected the company's offer.

Glencore stock: blurry vision as Teck Resources stands fim

Glencore Plc Chief Executive Gary Nagle plans to meet with some of Teck Resources Ltd's Canadian shareholders in Toronto this Thursday to personally lobby them for support of Glencore's proposed takeover of the copper and zinc miner, according to a source who was invited.

Exclusive: Glencore CEO to meet Teck shareholders in Toronto in bid for deal support

Teck (TECK) completes the previously announced joint venture transaction with Agnico Eagle to advance the San Nicolas copper-zinc development project.

Teck (TECK) Closes Joint Venture Transaction With Agnico Eagle

Teck Resources Ltd (TSX:TECK.B) CEO Jonathan Price has spurned a takeover offer from Glencore PLC (LSE:GLEN) that would value the Vancouver company at a 20% premium over market value. Price called the $23.1 billion proposal “structurally flawed” and a “complete nonstarter” over concerns that the deal would crater shareholder value by hanging the company's coal resources out to dry.

Teck CEO rebuffs $23.1B Glencore offer as ESG coal concerns and economic nationalism take center stage

Planned separation maximizes value and unlocks a broader range of strategic opportunities Rejected Glencore proposal is not actionable and bad for Teck shareholders Board recommends shareholders vote in favour of separation and dual class amendment Investor and Analyst Conference Call at 8:00 a.m. Eastern Time Today VANCOUVER, British Columbia, April 10, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) today reaffirmed the strong rationale for its pending separation as the optimal pathway to maximize shareholder value with the greatest certainty.

Teck Reaffirms Benefits of Pending Separation

VANCOUVER, British Columbia, April 10, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today provided its unaudited first quarter 2023 steelmaking coal sales volumes and realized prices.

Teck Provides Update on Q1 Steelmaking Coal Performance

VANCOUVER, British Columbia and TORONTO, April 06, 2023 (GLOBE NEWSWIRE) -- Agnico Eagle Mines Limited (TSX and NYSE: AEM) (“Agnico Eagle”) and Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that the previously announced joint venture transaction between Teck and Agnico Eagle to advance the San Nicolás copper-zinc development project has closed. Teck and Agnico Eagle have entered into a joint venture shareholders agreement whereby Agnico Eagle, through a wholly-owned Mexican subsidiary, has agreed to subscribe for a 50% interest in Minas de San Nicolás, S.A.P.I. de C.V. (“MSN”) for US$580 million, to be contributed as study and development costs are incurred by MSN. For governance purposes, Agnico Eagle is deemed to be a 50% shareholder of MSN from closing, regardless of the number of shares that have been issued to Agnico Eagle or its subsidiary.

Teck and Agnico Eagle Announce Completion of the San Nicolás Copper-Zinc Project Joint Venture

Agnico Eagle Mines

VANCOUVER, BC and TORONTO , April 6, 2023 /PRNewswire/ - Agnico Eagle Mines Limited (TSX: AEM) (NYSE: AEM) ("Agnico Eagle") and Teck Resources Limited (TSX: TECK.A) (TSX: TECK.B) (NYSE: TECK) ("Teck") announced today that the previously announced joint venture transaction between Teck and Agnico Eagle to advance the San Nicolás copper-zinc development project has closed. Teck and Agnico Eagle have entered into a joint venture shareholders agreement whereby Agnico Eagle, through a wholly-owned Mexican subsidiary, has agreed to subscribe for a 50% interest in Minas de San Nicolás, S.A.P.I.

Teck and Agnico Eagle Announce Completion of the San Nicolás Copper-Zinc Project Joint Venture

The future of Glencore PLC (LSE:GLEN) $23 billion bid for Canada's Teck Resources Ltd (TSX:TECK.B) hangs in the balance of its shareholders and the mining company's largest stakeholder. After Teck publicly rejected Glencore's proposal earlier this week, it is up to the commodities trader to convince shareholders to reject the company's current strategy to split into two at an upcoming shareholder meeting.

Glencore faces battle to convince Teck shareholders to accept $26B offer

VANCOUVER, British Columbia, April 04, 2023 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) will release its first quarter 2023 earnings results before market open on Wednesday, April 26, 2023.

Teck to Release First Quarter 2023 Results on April 26, 2023

Teck's (TECK) shares are up since it announced the production of the first bulk of copper at its QB2 Project.

Teck (TECK) Produces First Copper at QB2, Rejects Glencore Offer

Glencore's rejected merger proposal was effectively a “simpler and larger version” of Teck Resources' current strategy to split, according to Deutsche Bank. Given Canadian miner Teck plans to split its base metals and coking coal assets into two separate businesses anyway, Glencore's idea of separating the two's newly formed business was “similar,” the bank said.

Glencore's merger proposal ‘simpler version' of Teck's current plan

Shares in Teck Resources, the Teck Cominco of old, jumped by a chunky 19.6% on the New York Exchange on Monday, after an unsolicited bid from Glencore PLC (LSE:GLEN). It was Teck's biggest share price move in two years, and came even as it rebuffed the offer.

Glencore puts Teck into play, and with good reason

Proposed separation creates two world-class companies, unlocking a broad spectrum of opportunities to maximize long-term value for Teck shareholders Proposed separation creates two world-class companies, unlocking a broad spectrum of opportunities to maximize long-term value for Teck shareholders

Teck Announces Filing of Meeting Materials and Receipt of Interim Court Orders in Respect of Proposed Spin Off of Steelmaking Coal Business and Sunset for Dual Class Share Structure

The Canadian miner turned down an unsolicited buyout offer from global peer Glencore. That bid came barely one month after Teck announced plans to cleave itself into two separate businesses.

Why Teck Resources Stock Leaped 20% Higher Today

(Kitco News) - Teck Resources Limited (TSX: TECK.B) announced today that its board unanimously rejected an unsolicited proposal from Glencore for  $22.5 billion.

Teck rejects unsolicited $22.5 billion takeover bid by Glencore

Swiss mining giant Glencore wants to buy Vancouver-based Teck Resources. Teck dug in and spurned the offer.

Mining Stock Teck Resources Is Surging. A Larger Rival Just Made a Bid.

Glencore has received a swift rebuttal of its offer to merge with Teck Resources in an all-share deal that valued the Canadian mining giant at around US$23.2bn. Switzerland-based Glencore made its approach on 26 March, Teck said but it had been rejected unanimously by the board because of the UK-listed company's exposure to coal.

Glencore rebuffed in merger approach to Canada's Teck

Teck Resources (NYSE: TECK ) stock is on the rise Monday as investors react to news of it rejecting a takeover offer. The company received an unsolicited takeover offer from Glencore (OTCMKTS: GLNCY ).

Why Is Teck Resources (TECK) Stock Up 16% Today?

The Canadian miner said it had rejected an unsolicited takeover offer from the the Swiss-based company.

Glencore Returns to Acquisitions With Offer for Teck

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Shares of UFC owner Endeavor, Teck Resources and Life Storage climb on M&A news, while Tesla slips

Teck Resources Ltd. TECK, +0.86% TECK.A, +1.14% TECK.B, +0.80% said Monday it rejected an unsolicited buyout offer from Glencore Plc and instead is urging shareholders to approve an already-announced separation plan of Teck Metals and Elk Valley Resources (EVR) at an April 26 meeting.

Teck Resources rejects unsolicited buyout offer from Glencore; doubles down on its separation plan

Board determines unsolicited proposal is not in the best interest of Teck Board determines unsolicited proposal is not in the best interest of Teck

Teck Board of Directors Rejects Unsolicited Acquisition Proposal

(Kitco News) - Teck Resources (TSX: TECK.A and TECK.B) (NYSE: TECK) today announced its Quebrada Blanca Phase 2 project (“QB2”) has produced its first bulk copper concentrate, as the project advances commissioning and ramps up to full production through 2023.

News for Teck Resources Stock (TECK)