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Teck Resources Limited (TECK)

NYSE - NYSE Delayed price. Currency in USD
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13.97-0.07 (-0.50%)
At close: 4:00PM EDT
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Previous close14.04
Open14.56
Bid13.80 x 1100
Ask0.00 x 2900
Day's range13.88 - 14.64
52-week range5.60 - 17.77
Volume3,876,830
Avg. volume3,770,737
Market cap7.425B
Beta (5Y monthly)1.71
PE ratio (TTM)3.13
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yield0.15 (1.09%)
Ex-dividend date14 Sep 2020
1y target estN/A
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News
Press releases
  • GlobeNewswire

    Teck Announces Vice President Appointments

    VANCOUVER, British Columbia, Sept. 18, 2020 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced the following Vice President appointments. Alejandro Vásquez has been appointed Vice President, South America, following the retirement of Chris Dechert. Mr. Vásquez is responsible for Teck's operating assets in South America and Teck’s corporate office in Santiago. Mr. Vásquez joins Teck from BHP, where he was Asset President, Pampa Norte, with responsibility for its Spence and Cerro Colorado operations.Justine Fisher has been appointed Vice President and Treasurer, following the retirement of Scott Wilson. Ms. Fisher is responsible for the development, execution and continuity of global treasury operations, including all aspects of financial exposure management, capital markets activity, banking relationships, corporate finance, credit, cash management, insurance and financial planning. Ms. Fisher joins Teck from Goldman Sachs in New York, where she was a credit and commodities research analyst. Amber Johnston-Billings has been appointed Vice President, Communities, Government Affairs and HSEC Systems effective October 12, following the retirement of Mark Edwards. Ms. Johnston-Billings oversees Teck’s community and government affairs and management systems related to health, safety, environment and communities performance. Ms. Johnston-Billings joins Teck from Trevali Mining Corporation, where she was the Chief Sustainability Officer.Jeff Hanman has been appointed to the new position of Vice President, Office of the CEO. Mr. Hanman will assist in the implementation of corporate strategy, including supporting strategic priorities such as the Quebrada Blanca Phase 2 Project, Neptune Bulk Terminal upgrade project and Corporate Development. Mr. Hanman joined Teck in April 2011, and most recently held the position of Vice President, Corporate Affairs.Doug Brown has been appointed Vice President, Corporate Affairs, following Mr. Hanman’s role transition. Mr. Brown assumes leadership of Teck’s Corporate Affairs team, responsible for developing and implementing Teck’s corporate and employee communications programs, brand management, ESG engagement and external reporting requirements. Mr. Brown joined Teck in August 2011, and most recently held the position of Director, Public Affairs.About Teck Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal and zinc, as well as investments in energy assets. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.Investor Contact: Fraser Phillips Senior Vice President, Investor Relations & Strategic Analysis 604.699.4621 fraser.phillips@teck.comMedia Contact: Chris Stannell Public Relations Manager 604.699.4368 chris.stannell@teck.com

  • GlobeNewswire

    Teck Carmen de Andacollo Switches to Renewable Power

    VANCOUVER, British Columbia, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) and The AES Corporation (NYSE: AES) announced today that their Chilean affiliates, Compañía Minera Teck Carmen de Andacollo S.A. ("CdA”) and AES Gener S.A (“AES Gener”), have entered into a long-term power purchase agreement to provide 100% renewable power for Teck’s Carmen de Andacollo Operation in Chile.Under the agreement, CdA will source 72 Megawatts (MW) (550 GWh/year) from AES Gener’s growing renewable portfolio of wind, solar and hydroelectric energy. The transition to renewable power will replace previous fossil fuel power sources and eliminate approximately 200,000 tonnes of greenhouse gas (GHG) emissions annually, the equivalent to removing over 40,000 passenger vehicles from the road.“Teck is tackling the global challenge of climate change by reducing the carbon footprint of our operations and working towards our goal of becoming carbon neutral,” said Don Lindsay, President and CEO of Teck. “This agreement takes Teck a step closer to achieving our sustainability goals, while also ensuring a reliable, long-term clean power supply for CdA at a reduced cost to Teck.”“We are honored to continue working together with Teck to help them progress towards their goal of carbon neutrality,” said Andrés Gluski, AES Corporation President and Chief Executive Officer. “By providing Teck with innovative renewable energy solutions, AES Gener is helping build Chile’s sustainable and reliable grid of the future.”As part of its updated Sustainability Strategy, Teck has set the goal of being a carbon neutral operator by 2050. In support of that that long-term objective, Teck has established milestone goals including sourcing 100% of all power needs in Chile from renewable power by 2030 and reducing the carbon intensity of operations by 33% by 2030. Teck previously announced an agreement with AES Gener to supply renewable power for the Quebrada Blanca Phase 2 (QB2) project currently under construction. Once effective, more than 50% of QB2’s total operating power needs will be from renewable sources. The Carmen de Andacollo renewable power arrangement is in effect as of September 1, 2020 and will run through to the end of 2031.“Switching to clean, renewable power for Carmen de Andacollo is another step forward in our ongoing commitment to responsible resource development across our operations and activities,” said Alejandro Vásquez, Vice President, South America, Teck.“The contract we have signed with Compañía Minera Teck Carmen de Andacollo constitutes a new step in the execution of our Greentegra strategy. The agreement reflects the excellent relationships we have with our business partners, whom trust AES Gener as their provider of smart, innovative, competitive and sustainable energy solutions”, said AES Gener CEO, Ricardo Falú.Carmen de Andacollo is a copper mine located in the Coquimbo Region of central Chile, approximately 350 kilometres north of Santiago. Teck owns a 90% interest in the mine. Empresa Nacional de Minería holds the remaining 10%.Forward-Looking Statements - Teck This press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario). Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur, or be achieved. Forward-looking statements include statements regarding anticipated annual elimination of GHG emissions; Teck’s goal of being a carbon neutral operator by 2050; Teck’s milestone of sourcing 100% of all power needs in Chile from renewable power by 2030 and reducing the carbon intensity of operations by 33%; and expectation that more than 50% of QB2’s total operating power needs will be from renewable sources.The forward-looking statements in this release are based on a number of assumptions, including, but not limited to, assumptions regarding the ultimate sources of power under the power arrangements; availability of technology to achieve carbon neutrality on commercially reasonable terms; and availability of sufficient renewable power in Chile on commercially reasonable terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Teck to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that may cause actual results to vary include, but are not limited to, ultimate sources of power under the power arrangements; cost of decarbonization and other climate impact initiatives; lack of availability of  carbon neutral technology or renewable power on commercially reasonable terms; failures in performance by contractual counterparties, and other risk factors as detailed from time to time in Teck's reports filed with Canadian securities administrators and the U.S. Securities and Exchange Commission.Certain of these risks are described in more detail in the annual information form of Teck and in its public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.About Teck Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal and zinc, as well as investments in energy assets. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.About AES The AES Corporation (NYSE: AES) is a Fortune 500 global power company.  It provides affordable, sustainable energy to 14 countries through their diverse portfolio of distribution businesses as well as thermal and renewable generation facilities.  Its workforce is committed to operational excellence and meeting the world's changing power needs.  Its 2019 revenues were $10 billion and it owns and manages $34 billion in total assets.  To learn more, please visit www.aes.com.  Follow AES on Twitter @TheAESCorp.About AES Gener AES Gener generates and sells electricity in Chile, Colombia, and Argentina with the mission of improving lives by accelerating a safer and greener energy future. The Company operates a total installed capacity of 5,299MW in the region along with an extensive portfolio of renewable energy projects under development. The Company is the largest generator in Chile in 2020, with a diversified portfolio including hydro, wind, solar, energy storage, biomass, gas, and coal-fired power plants.AES Gener owns and operates 3,615MW in Chile, comprised of 3,068MW of thermoelectric, 271MW of hydroelectric, 110MW of wind, 92MW of solar photovoltaic and 13MW of biomass capacity, in addition to 62MW of battery energy storage systems, seawater desalination plants, transmission lines, and gas pipelines. AES Gener also owns hydroelectric and solar plants in Colombia with a total capacity of 1,041 MW and a combined-cycle natural gas plant in Argentina with an installed capacity of 643 MW.AES Gener is 66.7% owned by The AES Corporation.To learn more about AES Gener, please visit www.aesgener.cl/investors Follow AES Gener on Twitter @AESGenerTeck Media Contact: Chris Stannell Public Relations Manager 604.699.4368 chris.stannell@teck.comTeck Investor Contact: Fraser Phillips Senior Vice President, Investor Relations and Strategic Analysis 604.699.4621 fraser.phillips@teck.comTeck Chile Media Contact: Claudia Raggi Senior Communications Specialist +56.2.24645644 Claudia.Raggi@teck.comAES Media Contact: Gail Chalef, Senior Manager, Global Press and Media Relations +1-703-682-6428, office gail.chalef@aes.comAES Gener Media Contact: Karin Niklander, External Communications Manager +56 996991442 karin.niklander@aes.comAES Gener Investor Contact: John Wills, Head of Investor Relations Johnw.wills@aes.com

  • GlobeNewswire

    Teck Media and Investor Webcast Advisory

    VANCOUVER, British Columbia, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) President and Chief Executive Officer, Don Lindsay will be presenting at the Morgan Stanley Virtual 8th Annual Laguna Conference on Thursday, September 17, 2020 at 11:15 a.m. Eastern/8:15 a.m. Pacific time. The investor presentation will include information on company strategy, financial performance, and outlook for the company’s business units. The fireside chat presentation will be webcast through the following link at: https://morganstanley.webcasts.com/starthere.jsp?ei=1366641&tp_key=59903d1101.Alternatively, the webcast with supporting slides will be available on Teck’s website at: www.teck.com.About Teck Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal and zinc, as well as investments in energy assets. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.Investor Contact: Ellen Lai Coordinator, Investor Relations 604.699.4257 ellen.lai@teck.comMedia Contact: Chris Stannell Public Relations Manager 604.699.4368 chris.stannell@teck.com