- Business
- Teck Resources Limited is a diversified natural resources company headquartered in Vancouver, British Columbia, Canada, and founded in 1913, that engages in mining, mineral development, processing, smelting, refining, and reclamation of mineral properties primarily in the Americas. The company operates through Copper and Zinc segments and produces copper concentrates and refined copper from operations including Highland Valley Copper in British Columbia, Quebrada Blanca and Carmen de Andacollo in Chile, and a 22.5% interest in Antamina in Peru; zinc concentrates and refined zinc, lead, and silver from Red Dog Operations in Alaska and Trail Operations smelting and refining complex in British Columbia; secondary products such as lead, precious metals including silver and gold, molybdenum, and others; with additional interests in oil sands projects like Fort Hills in Northern Alberta. Teck maintains geographic operations in Canada, the United States, Chile, and Peru, with exploration activities in over a dozen countries worldwide focused on the Americas, Australia, Asia, Europe, and Africa, targeting steel producers, galvanizing and alloy industries, electrical, construction, transportation sectors, and energy markets. In recent developments, Teck completed the sale of its steelmaking coal business, Elk Valley Resources, to Glencore in 2024 for US$6.93 billion in cash plus a royalty interest, transforming into a pure-play metals producer focused on copper and zinc; announced a merger of equals with Anglo American in September 2025 to form Anglo Teck, a global critical minerals company and top copper producer headquartered in Canada, pending shareholder approval in December 2025; and continues optimization efforts at Quebrada Blanca Phase 2 amid operational challenges while pursuing development projects such as Galore Creek, Schaft Creek, Zafranal, San Nicolas, NuevaUnión, NewRange, and Sakatti.