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TECK News
TECK Events
Teck Resources and Anglo American Form New Leadership Team
Teck Resources (TECK) and Anglo American plc (NGLOY) announce the composition of the future Executive Leadership Team of Anglo Teck plc, the combined company that will be formed through the merger announced on September 9, 2025. "These future ELT roles will take effect immediately following completion of the merger which is conditional upon receipt of final regulatory approval, expected within the originally announced timeline of between September 2026 and March 2027. Anglo Teck's future ELT brings together a highly experienced and complementary set of leaders from both companies to shape a cohesive leadership culture with clear accountabilities. The future ELT combines deep operational and financial expertise and global market insight with a strong track record of safety leadership, values-based decision-making and project delivery to create enduring shareholder and stakeholder value. From the completion of the merger, the ELT of Anglo Teck will comprise: Duncan Wanblad - Chief Executive Officer; Jonathan Price - Deputy CEO & Chief Strategy Officer; John Heasley - Chief Financial Officer; Ruben Fernandes - Chief Operating Officer; Ian Anderson - Chief People Officer; Lyndon Arnall - Chief Legal & Sustainability Officer; Alison Atkinson - Chief Technical Officer and CEO of Crop Nutrients; Karla Mills - Chief Projects Officer; Matt Walker - CEO, Marketing. Nolitha Fakude will continue in her current role, serving as Chair of Anglo Teck's management board in South Africa, reporting to Duncan Wanblad," the companies stated.
QB Reports Q2 Revenue of C$3.61B
Reports Q2 revenue C$3.61B, consensus C$3.92B. "We delivered another quarter of strong operational and financial performance, generating significant earnings and robust cash flow, supported by continued strong copper sales volumes, a favourable commodity price environment and disciplined execution across our operations," said Jonathan Price, President and CEO. "At QB, we achieved our third consecutive quarter of stable operating performance, demonstrating the progress we have made in strengthening reliability and consistency at one of the world's most important new copper operations. These results reinforce the strength of our business and position us well to advance the planned merger with Anglo American to create a global critical minerals champion with the financial strength, operational capability and portfolio quality to deliver significant value for shareholders."
Teck Resources Signs Strategic Investment Agreement to Expand Production of Germanium, Gallium, and Antimony
Teck Resources Limited, Canada Growth Fund, and Natural Resources Canada's Canada Critical Minerals Accelerator announced that they have signed a Strategic Investment Agreement to support expanding production capacity for germanium, gallium, and antimony at Teck's Trail Operations smelting and refining complex in British Columbia. Trail is one of the world's largest fully integrated polymetallic smelting and refining complexes. It produces nineteen products and has a long history of critical minerals production. The Agreement establishes the commercial framework for an equity-like investment by CGF of up to $400M directly into the facility, as part of an up to $850M potential total investment by Teck to sustain and enhance critical minerals processing capacity at Trail Operations from a portfolio of feed sources. The Agreement also provides for the establishment of an offtake structure with the Government of Canada, including offtake rights for a portion of future germanium, antimony and gallium produced by Trail. Realization of the commercial arrangements contemplated by the Agreement remains subject to certain conditions, including the negotiation and execution of definitive documentation and satisfaction of applicable approvals.
Teck Resources Issues Merger Plan Notification
Teck Resources (TECK) announced that it has mailed a letter of transmittal and election form to each registered holder of Class A common shares and Class B subordinate voting shares of Teck in connection with the previously-announced court-approved plan of arrangement under section 192 of the Canada Business Corporations Act, involving, among other things, the merger of equals of Anglo American plc (NGLOY) and Teck. The Letter of Transmittal explains how to exchange Teck Shares for the consideration under the Merger and, for eligible Canadian Teck shareholders, how to elect to receive the exchangeable share consideration under the Merger. Under the Merger, each Teck Share will be exchanged for 1.3301 ordinary shares of Anglo American, or, for eligible Canadian shareholders who so elect, the Exchange Ratio of exchangeable shares of Anglo Teck Exchangeco Limited.
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