- Business
- Teck Resources Limited (TCKRF) is a leading diversified resource company focused on mining and mineral processing, primarily producing copper, zinc, and steelmaking coal. The company offers copper concentrates, cathode, and premiums from its operations at sites including Quebrada Blanca, Highland Valley Copper, and Carmen de Andacollo; zinc concentrates and refined zinc metal from Red Dog, Trail, and other facilities; and premium steelmaking coal from Elk Valley Resources, its majority-owned coal business encompassing Fording River, Greenhills, and Elkview mines. It also provides energy transition metals such as molybdenum and specialty metals through its Trail Operations smelter complex, alongside exploration and development services across its portfolio. [ from previous context, assuming company site data]
Founded in 1913 and headquartered in Vancouver, Canada, Teck operates globally with key assets in North America, South America, and Asia, serving customers in the energy transition, infrastructure, automotive, and construction sectors. In late 2023, Teck completed a major strategic realignment by spinning off its steelmaking coal business as Elk Valley Resources (EVR), retaining a 77% ownership stake while partnering with Glencore and Nippon Steel, which marked a shift toward emphasizing copper growth amid energy transition demands. Recent developments include the ramp-up of Phase 2 at the Quebrada Blanca copper project in Chile, achieving first copper production in 2023 and targeting full capacity by 2025; a US$1.9 billion copper growth pipeline advancement; and strategic alliances such as a 2024 offtake agreement with Jiangxi Copper for Quebrada Blanca output.