Teck Resources said its Red Dog Operations, the largest critical mineral mine in the United States, has been awarded the Zinc Mark in recognition of environmentally and socially responsible production practices. It is the first mining site to receive the standalone Zinc Mark from The Copper Mark. “With Red Dog being awarded the Zinc Mark, all of Teck’s managed base…
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Glencore-led group nabs Teck coal unit
A consortium led by Glencore agreed in November to acquire Teck Resources’ steelmaking coal unit for $9 billion, marking one of the largest deals in the mining sector, according to Reuters. Glencore will own 77% of the business in a $6.9 billion cash deal, while 20% will go to Japan’s Nippon Steel Corp., which already holds a 2.5% stake. South…
Read MoreTeck, Norden collab on curbing emissions via freight
Coal, copper and zinc producer Teck Resources has teamed with transport firm Norden for an agreement that will reduce CO2 emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or up to 6,700 tonnes of CO2. The latter will achieve emission reductions with a range of…
Read MoreJSW Steel eyes stake in Teck’s coal unit
India’s biggest steel producer JSW Steel intends to bid for a 20-40% stake in Elk Valley Resources Ltd., the metallurgical coal unit of Canadian-based Teck Resources, reported Bloomberg News. Chairman Sajjan Jindal said JSW, along with some Japanese and South Korean mills, could offer a combined $8 billion for a stake in the asset. He told Bloomberg that Teck produced…
Read MoreTeck mulling over offers for coal business
Canadian-based Teck Resources said it is still evaluating offers for its steelmaking coal operations as the miner seeks to separate its coal and base metals businesses, reported Bloomberg.
Read MoreMultiple potential suitors for Teck coal business sale
Teck has confirmed that it is in receipt of “a number of inbound indications of interest” from potential buyers for the planned sale of its steel coal business arm. Teck, which is seeking to separate its coal division from its base metals division, did not identify any of the involved parties but said it and its board, as well as…
Read MoreTeck enters rail agreement with CPKC
Teck Resources said Canadian Pacific Kansas City (CPKC) and Teck Coal have entered into a long-term rail agreement for the transportation of steelmaking coal from Teck’s four operations in southeastern British Columbia. The agreement builds on existing services in place and runs until the end of 2026. Additionally, the companies intend to collaboratively develop a unique pilot program that integrates…
Read MoreA hub of innovation
The British Columbia Institute of Technology (BCIT) and miner Teck Resources have partnered once again for mining research, this time for a new facility at the university: the Teck Copper Innovation Hub. By Donna Schmidt Post-use of minerals, especially those that can help make life easier, safer and healthier, never fade into the background – society is always looking for…
Read MoreTeck to spin off steelmaking coal unit
Teck Resources said it will separate its business into two independent, publicly-listed companies – Teck Metals Corp. and Elk Valley Resources Ltd. – in an effort to provide investors choice of businesses with unique fundamentals and value propositions.
Read MoreTeck confirms rumors: coal spin-off possible
Canadian miner Teck Resources, after multiple reports of rumors, confirmed it is considering a spin-out of its steelmaking coal business. Officials said Feb. 14 the company is currently evaluating alternatives that could include a spin-out of interest to its shareholders. “Any transaction would be expected to create value for Teck’s shareholders and support continued benefits for communities and Indigenous Peoples…
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