Teck Resources Ltd (TECKb.TO)
3 Jun 2020
Tue, Apr 21 2020
April 21 Canadian miner Teck Resources Ltd reported a much bigger-than-expected 84% plunge in quarterly profit on Tuesday, hit by shutdowns due to the coronavirus outbreak and weak performance in its energy unit.
April 21 Canadian miner Teck Resources Ltd reported an 84% plunge in first-quarter adjusted profit on Tuesday, as production of steel-making coal was hit by coronavirus-led lockdowns.
April 1 Miner Teck Resources Ltd suspended its 2020 financial forecasts on Wednesday and said it expected steelmaking coal production to drop to about 80-85% of normal levels in an initial two-week slowdown from March 25 due to the coronavirus outbreak.
April 1 Miner Teck Resources Ltd said on Wednesday it expects steelmaking coal production to be reduced to about 80-85% of its normal level during a two-week period from March 25 due to the coronavirus pandemic.
* RESULTS IN OUR STEELMAKING COAL BUSINESS UNIT IMPROVED SIGNIFICANTLY IN LATE FEBRUARY AND MARCH
* DECIDED TO TEMPORARILY OPERATE FORT HILLS AS A SINGLE TRAIN FACILITY
TORONTO, March 18 Shares in Teck Resources plunged as much as 21.7% on Wednesday after the Canadian miner suspended construction at a massive copper project in Chile to limit transmission of the novel coronavirus, as falling copper prices also rattled investors.
March 18 Teck Resources said on Wednesday it is temporarily suspending construction activities at its Quebrada Blanca Phase 2 (QB2) copper project to ensure employee safety and limit the spread of COVID-19.
* COMPANIA MINERA ANTAMINA, IN WHICH TECK HAS A 22.5% INTEREST, CONTINUES TO OPERATE ANTAMINA MINE
CORRECTED-(OFFICIAL)-BRIEF-Teck Announces 33% Carbon Reduction Target And Updated Sustainability Strategy (March 12)
* TECK ANNOUNCES 33% CARBON REDUCTION TARGET AND UPDATED SUSTAINABILITY STRATEGY