Canadian miner Teck Resources has rejected an unsolicited $22.5 billion offer from Glencore, citing reluctance to expose its shareholders a large thermal coal business, an unwanted oil trading business and significant jurisdictional risk, reported Reuters. Glencore’s proposal was to merge with Teck and to simultaneously demerge their combined metals and coal businesses to create MetalsCo and CoalCo. The remaining company…
Read More
Teck has taken another broad step forward toward commissioning and full production at its Quebrada Blanca Phase 2 project (QB2) in northern Chile – production of the mine’s first bulk copper concentrate. CEO Jonathan Price said, at full production, QB2 will double Teck’s copper production on a consolidated basis, as it is one of the world’s largest undeveloped resources of…
Read More
Canadian miner Teck Resources, after multiple reports of rumors, confirmed it is considering a spin-out of its steelmaking coal business. Full story.
Read More
Just days before Christmas, Teck Resources reportedly inked a deal with Conuma Resources to sell its closed Quintette coal mine in northeastern British Columbia, Canada for C$120 million. Full article.
Read More
Canadian miner Teck Resources has agreed to sell its 21.3% interest in the Fort Hills Energy LP and certain associated downstream assets to Suncor Energy for C$1 billion in cash. Read full article.
Read More
Canadian diversified miner Teck Resources said its Elkview met coal operation in British Columbia’s Elk Valley will be closed for one to two months for repairs at its plant. Read full article.
Read More
Teck Resources and PolyMet Mining have agreed to form a 50/50 joint venture named NewRange Copper Nickel to advance PolyMet’s NorthMet project and Teck’s Mesaba mineral deposit. Read full article.
Read More
Canadian miner Teck Resources has released unaudited second quarter 2022 steelmaking coal sales volumes and realized prices. Read full article.
Read More
Teck Resources has confirmed that its Highland Valley Copper operations (HVC) in British Columbia has been awarded Copper Mark distinction – the first mine in all of Canada to do so. Read the full article from North American Mining.
Read More
Canadian miner Teck Resources has announced it is partnering with MEDATech on the pilot of a fully electric on-highway transport truck – marking the first use of a battery-electric truck to haul copper concentrate worldwide. View the full article on North American Mining.
Read More