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Teck Resources Ltd (TECKb.TO)

TECKb.TO on Toronto Stock Exchange

27.98CAD
17 Nov 2017
Change (% chg)

$0.92 (+3.40%)
Prev Close
$27.06
Open
$27.44
Day's High
$28.29
Day's Low
$27.31
Volume
2,622,405
Avg. Vol
2,227,080
52-wk High
$35.67
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$19.27

Latest Key Developments (Source: Significant Developments)

Teck announces dividend and share buyback
Friday, 17 Nov 2017 

Nov 16 (Reuters) - Teck Resources Ltd :Teck announces dividend and share buyback.Teck Resources - ‍board approved distribution of cash to shareholders through supplemental dividend of $0.40 per share.Teck Resources - ‍board also approved distribution of cash to shareholders through a share repurchase mandate equivalent to additional $0.40 per share​.Teck Resources - to apply additional $230 million to repurchase of class B subordinate voting shares through March 31, 2018.Teck says ‍normal course issuer bid program authorizes co to purchase up to 20 million class B subordinate voting shares through period ending Oct 9, 2018​.  Full Article

Teck extends maturity dates of bank credit facilities
Wednesday, 1 Nov 2017 

Oct 31 (Reuters) - Teck Resources Ltd :Teck extends maturity dates of bank credit facilities.Says ‍maturity date of $3 billion facility has been extended from July 2020 to October 2022​.Says ‍maturity date of $1.2 billion facility has been extended from June 2019 to October 2020​.  Full Article

Teck CEO expects "very strong" Q4 benchmark coal price
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Teck Resources :Expects "very strong" Q4 industry benchmark price for steelmaking coal - chief executive donald lindsay.Teck Resources says has contracted for 10,000 bpd of fort hills bitumen on existing Keystone pipeline to gulf coast; 12,000 bpd on proposed Trans Mountain pipeline expansion.Teck says has plans to sell remaining 25,000 bpd of Fort Hills bitumen at Hardisty, Alberta; has long-term contracts on up to 20,000 bpd.Teck says if Trans Mountain expansion is delayed or not built it can increase capacity on Keystone pipeline, sell at Hardisty or use rail.Teck CEO says "pretty strong case" for company to get back investment grade rating; rating agencies waiting for Fort Hills start, ramp up.Steelmaking coal market prices "stabilizing" after coming off peaks, helped by strong demand outside China.  Full Article

Teck Resources reports quarterly non-GAAP EPS of C$1.08 per share
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Teck Resources Ltd :Teck reports unaudited third quarter results for 2017.‍Adjusted profit was $621 million ($1.08 per share) in Q3 compared with $152 million ($0.26 per share) in Q3 of last year​.‍EBITDA was $1.4 billion in Q3 compared with $804 million in Q3 of 2016​.‍Construction progress on Fort Hills Oil Sands project has surpassed 96%​.Sets quarterly dividend of C$0.05per share.Qtrly revenues C$3.12 billion versus C$2.3 billion last year.Expect coal sales in Q4 of 2017 to be approximately 6.5 million tonnes​.Expecting to achieve total production for year in range of 27 to 27.5 million tonnes and unit cost of sales in range of $49 to $53 per tonne​.‍Original guidance for transportation costs remains unchanged at $35 to $37 per tonne​.Qtrly steelmaking coal production 6.80 millions tonnes versus 7.07 millions tonnes last year.Qtrly steelmaking coal sales 7.54 millions tonnes versus 7.23 millions tonnes last year.‍Total debt as of Sept 30 $4,905 million​.Qtrly steelmaking coal realized (US$/tonne) $159 versus $92 last year.Qtrly steelmaking coal sales volume up C$13 million.Average realized steelmaking coal price in Q3 of US$159 per tonne was US$67 per tonne higher than the third quarter of 2016.Adjusted EBITDA in the third quarter totaled $1.4 billion compared with $696 million last year.Profit attributable to shareholders $600 million, or $1.04 per share, in Q3 versus $234 million, or $0.41 per share in last year.  Full Article

JACOBS ENGINEERING SAYS SELECTED FOR A PRE-FEASIBILITY STUDY IN PERU
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Jacobs Engineering Group Inc ::JACOBS SELECTED FOR COPPER CATHODE PRODUCTION FACILITY PRE-FEASIBILITY STUDY IN PERU.JACOBS ENGINEERING - AS PER CONTRACT, CO WILL PROVIDE CAPEX AND OPERATING EXPENDITURE ESTIMATES TO TECK AND AURUBIS FOR DETERMINING PROJECT PRE-FEASIBILITY​.JACOBS ENGINEERING - CO SELECTED BY TECK RESOURCES LIMITED AND AURUBIS AG TO PERFORM PFS FOR A PROPOSED COPPER CATHODE PRODUCTION FACILITY IN PERU​.  Full Article

Teck Resources says co, Metis Local 1909 sign project agreement
Friday, 15 Sep 2017 

Sept 15 (Reuters) - Teck Resources Ltd ::Metis Local 1909 and Teck sign project agreement.Signing of a participation agreement for Teck's proposed frontier oil sands project​.Agreement will be implemented through a joint cooperative implementation committee​.Co, Metis Local 1909​ ‍announced signing of a participation agreement for Teck's proposed frontier oil sands project.  Full Article

Teck Resources provides update on Waneta dam sale
Wednesday, 2 Aug 2017 

Aug 1 (Reuters) - Teck Resources Ltd TECKb.TO::Teck Resources Ltd - BC Hydro has exercised right of first offer to buy co's two-thirds interest in Waneta dam, British Columbia, Canada, for $1.2 billion cash.No material changes to commercial terms of previously announced waneta purchase agreement between fortis inc and teck.Says Teck expects to realize a net book gain of approximately $800 million on closing.  Full Article

Teck announces acquisition of securities of Jet Gold
Wednesday, 31 Aug 2016 

Teck Resources Ltd : Teck announces acquisition of securities of jet gold . Acquired 8,333,333 common shares, of Jet Corp and a $389,117 principal amount convertible debenture of Jet Gold Corp .Jet gold issued securities in satisfaction of $889,117 of indebtedness owing to a Teck subsidiary.  Full Article

Teck Resources says no urgency to sell infrastructure assets - CEO
Thursday, 28 Jul 2016 

Teck Resources Ltd :Still weighing possible sale of infrastructure assets like Waneta dam, Neptune port but no urgency or pressure - Chief Executive Donald Lindsay.  Full Article

Teck Resources announces early results of cash tender offers
Tuesday, 7 Jun 2016 

Teck Resources : Increased aggregate maximum principal amount of notes that may be accepted for purchase in tender offers from us$1 billion to us$1.25 billion .Teck announces early results of cash tender offers.  Full Article

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Exclusive - Miner Teck taps McKinsey boss Barton for chairman role - sources

VANCOUVER Teck Resources Ltd has held talks with Dominic Barton, the global managing partner of consulting firm McKinsey & Co, about becoming the Canadian miner's next chairman, replacing Norman Keevil, two people familiar with the matter told Reuters.