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TECK

Teck Resources Limited

https://www.teck.com

Industry

Industrial Materials

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, Energy, and Corporate segments. The company's principal products include steelmaking coal; copper, gold, blended bitumen, lead, silver, molybdenum, zinc, and zinc concentrates; chemicals, fertilizers, and other metals. It also produces indium and germanium. In addition, the company holds interest in Frontier oil sands projects in the Athabasca region of Alberta; and owns interests in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada.

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Shares of US-listed copper companies are declining following reports that Goldman Sachs has reduced its forecast for copper due to weaker demand from China.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:14 pm

Teck Resources (NYSE:TECK) has announced a new business structure to focus on energy transition metals, following the sale of its coal unit. The company will operate through North American and Latin American units, emphasizing copper production. Several executives have been promoted to lead this transition.

Portfolio Pulse from Stjepan Kalinic

September 03, 2024 | 11:39 am

Copper stocks are experiencing a decline in share prices due to a drop in copper prices.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2024 | 4:31 pm

The Canadian government intervened to resolve a labor dispute that halted major railways, Canadian National Railway and Canadian Pacific Kansas City, to prevent economic disruption. Mining companies like Teck Resources and Rio Tinto took measures to mitigate the impact.

Portfolio Pulse from Stjepan Kalinic

August 23, 2024 | 12:29 pm

Gold mining companies are increasing M&A activity due to high gold prices, which boost their free cash flow. Gold Fields plans to acquire Osisko Mining for $1.57 billion, and Newmont is selling several mines to pay down debt. The VanEck Gold Miners ETF rose 3.08% amid record gold prices. Copper is also becoming a significant focus for gold miners.

Portfolio Pulse from Matt Whittaker

August 16, 2024 | 7:44 pm

Representative Jonathan Jackson has disclosed a purchase of stock in Teck Resources, as reported by Quiver Quantitative.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 2:16 pm

Barrick Gold (NYSE:GOLD) has expressed interest in partnering with the Panamanian government regarding the Cobre Panama mine, which has been idle due to contractual disputes between its owner, First Quantum Minerals (OTC:FQVLF), and the government. The mine's future remains uncertain, with potential new partnerships or operational changes expected next year. Barrick's CEO emphasized caution in overpaying for assets, while First Quantum seeks $20 billion in damages through arbitration.

Portfolio Pulse from Stjepan Kalinic

August 13, 2024 | 11:58 am

Glencore (OTC:GLCNF) has decided not to spin off its coal business after acquiring Teck's (NYSE:TECK) coal assets. Shareholders preferred retaining the profitable unit, which aligns with ESG policies of major shareholders like BlackRock. Despite a 33% decline in first-half earnings, Glencore remains open to more acquisitions.

Portfolio Pulse from Stjepan Kalinic

August 07, 2024 | 11:34 am

Tectonic Therapeutic, Inc. (NASDAQ: TECX) has received FDA clearance for its Investigational New Drug (IND) application for TX45, an Fc-relaxin fusion protein aimed at treating Group 2 Pulmonary Hypertension due to Heart Failure with Preserved Ejection Fraction (PH-HFpEF). The company plans to initiate a global Phase 2 clinical trial in Q3 2024, with topline results expected in 2026. Phase 1a results in healthy volunteers are expected this September, and Phase 1b results in mid-2025.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:22 pm

Teck Resources is attracting M&A interest from major mining companies, including Anglo American, Vale, and Rio Tinto, as part of a copper rush. These firms are studying potential deals with Teck.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 5:13 pm

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