TECK Stock Recent News

Teck (TECK) expects capital expenditure to decline in 2024 due to decreasing spending.

Coal, of course, for Teck is now branded as “steelmaking” coal, as if that was any better or worse than other types of coal. Nevertheless, it was the brighter spot in terms of the company's 2023 guidance, which was met in neither of its other two core production areas – copper and zinc.

Teck Resources Ltd (TSX:TECK.B) said on Thursday it has completed its previously announced agreement to sell minority interests in its steelmaking coal business to Japan's Nippon Steel Corp and South Korean steelmaker Posco.  Nippon Steel purchased a 20% stake in Teck's coal business, known as Elk Valley Resources (EVR), in exchange for its prior 2.5% interest in Teck's Elkview coal operations plus US$1.7 billion in cash.

(Kitco News) - The Copper Mark is the leading assurance framework to promote responsible practices across the copper, molybdenum, nickel and zinc value chains.

Teck Resources (TECK) and Oldendorff to use Flettner Rotor to reduce CO2 emissions.

Unintended but not unexpected is one way of describing what's happening to the price of steel-making coal as governments suppress supply in the face of steady demand g

Glencore PLC (LSE:GLEN) and Teck Resources Ltd (TSX:TECK.B) are each winners in the former's strategic acquisition of Elk Valley Resources (EVR) deal, Teck's coal business, according to analysts at Jefferies. “(A) Glencore acquisition of EVR makes sense strategically and economically, and a sale of EVR should be a significant positive for Teck,” Jefferies wrote following news of the finalized deal.

Teck Resources (TECK) sells its steelmaking coal business, which sets the stage for the company's growth as a major Canadian-based producer of copper and other future-oriented metals.

Glencore PLC (LSE:GLEN), the FTSE 100 commodities group, on Tuesday announced its plan to acquire a majority stake in the coal business of Teck Resources, a Canadian mining company. This transaction, valued at just a smidge under $7 billion, marks a pivotal moment for both entities, with far-reaching implications for the industry.

Dalton Baretto from Canaccord Genuity explains what he expects Teck to do with the proceeds of the Glencore deal, and adds there is "significant appetite" from investors for free cashflow vehicles.