Teck Resources

Teck Resources Limited
Company typePublic
NYSE: TECK
TSX: TECK.A, TECK.B
S&P/TSX 60 component
IndustryMetals and Mining
Founded1906; 118 years ago (1906) as Consolidated Mining and Smelting Company of Canada
Headquarters
Vancouver, British Columbia
,
Canada
Key people
  • Norman B. Keevil, Chair
  • Jonathan H. Price, CEO
  • Harry “Red” M. Conger, President, COO
ProductsCoal, Zinc, Copper
Revenue
  • Increase C$12.6 billion (2018)
  • Increase C$3.11 billion (2018)
Total assets
  • Increase C$39.6 billion (2018)
Total equity
  • Increase C$23.0 billion (2018)
Number of employees
10,700 (2018)
Divisions
  • Teck Metals Ltd. (Vancouver)
  • Teck Cominco Peru S.A. (Lima)
  • Minera Torre de Oro, S.A. de C.V. (Mexico)
Websitewww.teck.com
Footnotes / references
Teck 2018 Annual Report[1]: 10, 35, 41 

Teck Resources Limited, known as Teck Cominco until late 2008, is a diversified natural resources company headquartered in Vancouver, British Columbia, that is engaged in mining and mineral development, including coal for the steelmaking industry, copper, zinc, and energy. Secondary products include lead, silver, gold, molybdenum, germanium, indium and cadmium.[2] Teck Resources was formed from the amalgamation of Teck and Cominco in 2001.[3]

In 2018, Teck Resources opened the C$17 billion Fort Hills oil sands project.[4] In 2020, Teck abandoned plans for a second, larger C$20 billion open-pit petroleum-mine proposal—Frontier Mine—25 km (16 mi) south of Wood Buffalo National Park and north of Fort McMurray in northeast Alberta.[5][4]

In 2020, a number of new executives were appointed to the company: Harry Conger as chief operating officer, Jonathan Price as chief financial officer, and Nicholas Hooper as senior vice president, corporate development.[6]

  1. ^ Teck 2018 Annual Report (PDF) (Report). Teck. March 7, 2019. Retrieved December 10, 2019. 148 pages.
  2. ^ "Other Metals". Teck Resources. Retrieved September 22, 2019.
  3. ^ Weber, Terry (April 30, 2001). "Teck and Cominco to merge". The Globe and Mail. Retrieved December 10, 2019.
  4. ^ a b Cite error: The named reference financialpost_Morgan_20180924 was invoked but never defined (see the help page).
  5. ^ Cite error: The named reference CBC_Tasker_20191210 was invoked but never defined (see the help page).
  6. ^ Frank, Steven (August 19, 2020). "Teck Resources goes on headhunting spree after coming under fire from investors". Financial Post.