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Company Profile For Teck Resources Limited

Teck Resources Limited (TCKb.TO) (Toronto Stock Exchange)
sector: Basic Materials · industry: Mining & Metals - Specialty ·
As of  3:12am IST
37.36CAD
Price Change
+0.34
Percent Change
+0.92%
 
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Overview

Teck Resources Limited, formerly Teck Cominco Limited, is engaged in the exploration for and development and production of natural resources. The Company’s principal products are copper, metallurgical coal, zinc and gold. Lead, molybdenum, various specialty and other metals, chemicals and fertilizers are by-products produced at its operations. It also sells electrical power that is surplus to its requirements at the Trail metallurgical operations. In February 2009, the Company announced the sale of its 50% interest in the Hemlo Operations, located in northwestern Ontario. In February 2009, it also announced the sale of its 50% interest in the Williams and David Bell mines in Ontario. In November 2009, Gleichen Resources Ltd. completed the acquisition of a 78.8% interest in the Morelos Gold Project from Teck Resources Limited through the acquisition of Oroteck Mexico S.A. C.V. from Teck subsidiaries, Teck Metals Ltd. and Teck Exploration Ltd. (collectively Teck).

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Teck Resources Limited's revenues increased 9% to C$5.51B. Net income from continuing operations increased 5% to C$1.33B. Revenues reflect an increase in income from Coal segments. Net income was partially offset by an increase in depreciation & amortization expenses, higher interest & financing expenses, the presence of restructuring charges and a decline in interest income.

Company Address

Teck Resources Limited
Suite 3300, Bentall 5,
550 Burrard Street
Vancouver   BC   V6C 0B3
P: +1604.6994000
F: +1604.6994750

Total Employees

8900

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