Teck Resources Limited
About Teck Resources Limited
Overview
Teck Resources Limited is a diversified Canadian mining company and one of the world's largest producers of metallurgical coal for steelmaking. The company also has significant copper and zinc operations and is advancing one of the world's largest undeveloped copper projects. Teck is committed to responsible mining and reducing emissions across operations.
Operations
Teck operates five metallurgical coal mines in British Columbia, the Highland Valley Copper mine in British Columbia (one of the world's largest open-pit copper mines), Red Dog zinc mine in Alaska (world's largest zinc mine by reserves), Carmen de Andacollo copper mine in Chile, and the Quebrada Blanca copper mine in Chile. The company is a leading supplier of steel-making commodities.
Strategy
The company's strategy focuses on developing the QB2 copper project to become a leading copper producer, optimizing and extending the life of existing operations, pursuing growth in copper and zinc while managing steelmaking coal assets responsibly, maintaining financial strength, and advancing climate action with targets for emissions reduction. Teck aims to be carbon neutral across operations by 2050.
Key Projects
The Quebrada Blanca Phase 2 (QB2) project in Chile is one of the world's largest copper development projects and will transform Teck into a major copper producer. Other projects include potential copper expansions at Highland Valley, life extension studies at metallurgical coal operations, and exploration programs in copper and zinc. The company is also evaluating strategic options for its coal business.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- TECK
- Market Cap
- Large Cap
- Category
- Diversified
- Commodities
- Copper, Zinc, Coal
- Headquarters
- Vancouver, Canada
- Founded
- 1913
- Employees
- ~11,000
Operating Countries
Producing Assets
- •Highland Valley Copper (Canada)
- •Antamina Copper (Peru)
- •Quebrada Blanca (Chile)
- •Carmen de Andacollo (Chile)
- •Trail Operations (Canada)
- •Steelmaking Coal (Canada)
Development Assets
- •QB2 (Chile)
- •Zafranal Copper (Peru)
- •San Nicolás Copper-Zinc (Mexico)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.