Teck Resources Ltd

Company Profile

• Business description

  Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck’s attributable copper production by roughly 75%. Along with a number of additional copper growth options, Teck’s strategy is to rebalance its portfolio to low-carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business. The deal is likely to close in the third quarter of 2024.

• Contact

  550 Burrard Street
  Suite 3300
  Vancouver BC V6C 0B3
  CAN

  T: +1 604 699-4000

  E: investors@teck.com

  https://www.teck.com

• Sector

  Basic Materials

  Stock type

  Cyclical

• Industry

  Other Industrial Metals & Mining

  Fiscal Year End

  31 December 2024

  Employees

  12,600