Investors

As one of Canada’s leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world.

TECK.B CAN$

$71

0.8

TECK.A CAN$

$70.13

0

TECK US$

$52.08

0.76

Teck Announces Full Sale of Steelmaking Coal Business

Teck has reached an agreement to sell our entire interest in the steelmaking coal business, unlocking significant value for our stakeholders, and creating a new Canadian-based company, Elk Valley Resources (EVR), to be majority-owned by Glencore.

This transaction will be a catalyst for Teck’s continued growth as a Canadian-based, growth-focused critical minerals champion, while ensuring continued socially and environmentally responsible steelmaking coal operations and enhanced benefits for Canada, British Columbia, and the employees, communities, and Indigenous Peoples of the Elk Valley.

Visit Teck.com/separation for more information 

 

AboutTeck

Our Purpose

To provide essential resources the world is counting on to make life better while caring for the people, communities, and land that we love.

 

Our Businesses

We have long-life, high-quality operations in stable, low-risk jurisdictions, and industry-leading copper growth.

Copper

Top 10 copper producer, operating in the Americas.

Zinc

Largest net zinc miner globally. 

Steelmaking Coal

High-quality, low-emission hard coking coal and second largest seaborne steelmaking coal supplier.
 

Our Strategy

Driving long-term sustainable shareholder value through:

 

Focus on excellence in operations and projects

  • Premier, growth-oriented producer of energy transition metals

  • High-margin steelmaking coal producer with a track record of profitability

Unlocking the value of industry leading copper growth

  • Rebalance portfolio to low-carbon metals

  • QB doubles consolidated copper production at full production

  • Disciplined approach to developing our industry leading copper growth pipeline

Balance growth and cash returns to shareholders

  • Disciplined capital allocation framework that aims to balance growth with cash returns to shareholders and balance sheet strength

  • Track record of significant cash returns to shareholders

  • Strong balance sheet with investment grade credit ratings, and significant ongoing deleveraging

Sustainability leadership

  • Sustainability and ethics are core to how we do business 

  • Committed to nature positive by 2030 and net-zero operations by 2050

  • Recognized ESG performance provides a competitive advantage by reducing risk, ensuring stable operations, and supporting social licence and being the partner of choice for governments, communities and industry peers