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(615) stories found containing 'Teck Resources'


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  • A semi pulling two trailers loaded with zinc concentrates leaves Red Dog.

    Winter weather slows Red Dog zinc output

    Shane Lasley, Mining News|Updated May 1, 2024

    Teck Resources Ltd. April 26 reported that severe snowstorms impacted first quarter zinc production and revenues from its Red Dog Mine in Northwest Alaska. During the first three months of this year, Red Dog produced 126,200 metric tons (278 million pounds) of zinc, which is 4% lower than the 131,600 metric tons (290.1 million lb) produced during the same period of 2022. First quarter lead production at Red Dog was 23,100 metric tons (50.9 million lb), roughly 7% higher than...

  • Aerial photo of the sunset on the horizon overlooking the Pine Point mining camp

    Osisko enters joint venture with Appian

    A.J. Roan, Mining News|Updated Nov 15, 2023

    Osisko Metals Inc. Feb. 22 announced a C$100 million (US$74 million) investment agreement with Appian Capital Advisory LLP, a London-based private equity group that specializes in acquiring and developing mining assets, under which the parties are to form a joint venture for the advancement of the Pine Point zinc-lead project in Northwest Territories, Canada. Located just south of the Great Slave Lake, Pine Point was home to a former mine operated by Cominco (now Teck...

  • Workers traverse a highly mineralized rock outcrop at the KSM Mine project.

    Seabridge secures $150 million for KSM

    Shane Lasley, Mining News|Updated May 18, 2023

    Cash from royalty sold to Sprott will help elevate BC copper-gold-silver mine project to "substantially started" status. Seabridge Gold Inc. May 11 announced that it has raised US$150 million (C$201 million) to carry out the work required to elevate KSM to the "substantially started" status, which will ensure the longevity of the environmental assessment certificate for this copper-gold-silver mine project in British Columbia's Golden Triangle. Once a certain threshold has...

  • A view of the ends of various-sized copper cables for electrical transmission.

    A northern solution to copper shortage

    Shane Lasley, Mining News|Updated May 11, 2023
    1

    The North of 60 Mining area hosts billions of pounds of copper ready to be delivered to a world craving this metal in sky-high demand for wiring the electric vehicles and renewable energy infrastructure that would enable the envisioned low-carbon future. Whether enough of these copper-rich projects are developed in time to circumvent a short circuit of the clean energy transition remains to be seen. Global Market analysts such as S&P Global have predicted that copper... Full story

  • Aerial view of the Osisko’s work camp at the historic Pine Point zinc mine.

    Firm closes deal to develop Pine Point

    Rose Ragsdale, For Mining News|Updated May 11, 2023

    Osisko Metals Inc. has finalized a joint-venture agreement with one of the world's leading mining and metals investment advisors that could propel its Pine Point project in Northwest Territories into becoming one of the top-10 zinc-lead producing mines in the world. Inked in late February, the estimated C$100 million deal with Appian Capital Advisory LLP, a unit of Appian Natural Resources Fund III LP, won speedy approval from Osisko Metals' shareholders in mid-March....

  • A replica of the original locomotive brought to Canada in 1836.

    Canada was built on the back of a train

    A.J. Roan, Mining News|Updated May 4, 2023

    While the journey west during the frontier days often paints a picture of strife and hardship, not every tale was filled with sorrow and loss. Although covered wagons were definitely a thing, the journey toward greener pastures became much less arduous as steamboats and stagecoaches followed routes mapped by the earliest pioneers. However, it was the coming of the railroad that increased the speed of the trek, and its effectiveness in travel persists even today. For much of... Full story

  • Newmont webpage in front of digital stock chart representing increased value.

    Newmont sweetens Newcrest merger offer

    Shane Lasley, Mining News|Updated Apr 27, 2023

    New $19.6 billion proposal deemed fair by Newcrest board; companies advance one step closer to merger. With a new US$19.6 billion (A$29.4 billion) offer, Newmont Corp. is one step closer to completing a merger with Newcrest Mining Ltd. For Newmont, which is already the world's largest gold mining company, the proposed combination with Newcrest would add gold and copper production from mines in Australia, Canada, and Papua New Guinea. In February, it was revealed that Newmont...

  • Magnifying glass on the Teck Resources logo displayed on a computer screen.

    Teck rejects Glencore merger bid, again

    Shane Lasley, Mining News|Updated Apr 27, 2023

    After $8.2 billion cash offer for coal assets, Teck calls Glencore's merger bid a non-starter. Despite an $8.2 billion cash sweetener, Teck Resources Ltd.'s board of directors is holding steadfast to its position that Glencore's aggressive bid to buy out the Canadian miner is a non-starter. "Glencore has made two opportunistic and unrealistic proposals that would transfer significant value to Glencore at the expense of Teck shareholders," Teck Resources Chair Sheila Murray...

  • Lights illuminate a terminal for loading coal onto ships in British Columbia.

    Glencore makes new Teck buyout bid

    Shane Lasley, Mining News|Updated Apr 27, 2023

    Offers $8.2 billion for BC coal assets ahead of a merger that provides Teck shareholders 24% stake in MetalCo. Teck Resources Ltd. continues to rebuff an increasingly aggressive buyout bid by Glencore, which hopes to merge with the Canadian mining company and then create two new companies that would advance the coal and metals assets resulting from the combined portfolio. This plan to create separate coal and metal mining companies is a continuation of a demerger strategy set...

  • Stock market ticker board backdrops a smartphone with Glencore logo.

    Glencore makes $22.5B offer for Teck

    Shane Lasley, Mining News|Updated Apr 27, 2023

    World's top miner proposes merger, demerger to form world's top metals and coal mining companies. Merger and acquisition activity continues in the North of 60 Mining News area with Glencore's unsolicited US$22.5 billion (C$30.3 billion) all shares offer to merge with Teck Resources Ltd., which owns the Red Dog zinc mine in Alaska and interest in several advanced copper exploration projects in Northern British Columbia. On April 3, Teck announced that the world's largest...

  • Smartphone displaying Glencore’s metals and minerals webpage.

    Glencore takes offer to Teck shareholders

    Shane Lasley, Mining News|Updated Apr 27, 2023

    Glencore says it is willing to cut a deal directly with shareholders if a planned split of Teck's metal, coal assets is stopped. With Teck Resources Ltd.'s board of directors and management refusing to consider its roughly US$22.5 billion (C$30.3 billion) merger proposal, Glencore is taking its increasingly aggressive takeover bid directly to the diversified Canadian mining company's shareholders. "Glencore is willing to make an offer directly to Teck shareholders if the...

  • Magnifying glass on the Teck Resources logo displayed on a computer screen.

    Teck cancels vote on proposed separation

    Shane Lasley, Mining News|Updated Apr 26, 2023

    Just hours before shareholder vote, Teck pulls its plan to split company; leaves door open for Glencore to pursue takeover. On the dawn of its annual shareholder meeting, Teck Resources Ltd. removed a pivotal proposal to split the iconic Canadian mining company into a base metals-focused company to be rebranded as Teck Metals Corp. and a metallurgical coal company to be named Elk Valley Resources Ltd. Shareholder approval of this split would have likely put to rest an... Full story

  • An ice sculpture built for the 2023 Arctic Encounter Symposium.

    AES 2023: Nothing about us without us

    A.J. Roan, Mining News|Updated Apr 13, 2023

    ANCHORAGE, Alaska: Once again, Alaska was host to one of the greatest forums in the Arctic for shared and opposing views, bipartisan discussion, parallel experiences, and shared challenges for nations that extend into the northernmost reaches of the globe – it's difficult but rewarding. Held from March 29 to the 31, the ninth annual Arctic Encounter Symposium convened at the Dena'ina Civic and Convention Center in downtown Anchorage. Welcoming 209 speakers from 25 countries w... Full story

  • Silver bars and a balance scale with gold on one side and weights on the other.

    North of 60 Mining M&A activity heats up

    Shane Lasley, Mining News|Updated Mar 23, 2023

    From competing offers for an exploration company with large and intriguing mineral projects in the Yukon, to the world's largest gold miner making a US$17 billion bid to buyout an Australian mining company with two producing assets in British Columbia's Golden Triangle, February was a big month for mergers and acquisitions in the North of 60 Mining News coverage area. Three M&A proposals were put forward in February that would create a shift in the North of 60 mining sector...

  • A drill tests for copper and gold on a summer day in Northern BC.

    Schaft Creek JV steps up 2023 program

    Shane Lasley, Mining News|Updated Mar 17, 2023

    Copper Fox Metals Inc. March 2 outlined a C$17.2 million (US$12.5 million) program for its Schaft Creek copper-gold-molybdenum-silver project in Northern British Columbia that will include 9,000 meters of geotechnical and metallurgical drilling, along with environmental baseline studies and engagement with the Tahltan First Nation. "The emphasis in 2023 will be to advance the Schaft Creek project by augmenting the metallurgical, geotechnical, and environmental data while align...

  • Excavator loads gold-rich ore into a truck at Kinross Alaska's Fort Knox Mine.

    Alaska mine production tops $4.5 billion

    Shane Lasley, Mining News|Updated Mar 11, 2023

    More gold, strong zinc prices helped push value higher; critical minerals could add a boost moving forward. Alaska mines produced approximately $4.51 billion worth of nonfuel minerals last year, a 16% increase over the $3.89 billion in 2021, and an impressive 42.7% jump over the $3.16 billion of mined products during 2020, according to the U.S. Geological Survey's Mineral Commodity Summaries 2023 report. The rise in Alaska mine production value is largely due to increased...

  • Truck with two trailers of zinc concentrates leaves Red Dog Mine in Alaska.

    Red Dog generates cash for Teck, NANA

    Shane Lasley, Mining News|Updated Mar 3, 2023

    Strong zinc price, production drive increased profit for Teck; NANA gets extra boost from royalty rise. Due to a combination of strong zinc prices and production, the Red Dog Mine in Northwest Alaska generated strong profits for Teck Resources Ltd. and revenues for NANA Corp. during 2022. Red Dog produced 553,100 metric tons (1.22 billion pounds) of zinc during 2022, a nearly 10% increase over the 503,400 metric tons (1.11 billion lb) produced during 2021. The Northwest Alaska...

  • Closeup of highly mineralized half core from drilling at Eskay Creek in BC.

    BC First Nations forge mining alliances

    Shane Lasley, Mining News|Updated Mar 2, 2023

    British Columbia's Golden Triangle is poised for a mining boom that raises the bar when it comes to achieving the higher environmental, social, and guidance expectations for companies that produce the gold, silver, copper, and other metals the world needs and wants. While this mineral district in BC's northwest corner is famed for its rich stores of copper, gold, and silver – and to a lesser degree, nickel, cobalt, platinum group metals, and other critical minerals – the ESG...

  • Bands of metallic copper-gold mineralization in core from Red Chris drilling.

    Newmont makes $17B offer for Newcrest

    Shane Lasley, Mining News|Updated Mar 2, 2023

    Proposed merger could have major implications for several mining projects in BC's Golden Triangle. Over the weekend, Newcrest Mining Ltd. and Newmont Corp. confirmed rumors of a proposed merger that has major implications for the future of mining in British Columbia's Golden Triangle. "We believe a combination of Newmont and Newcrest presents a powerful value proposition to our respective shareholders, workforce and the communities in which we operate," said Newmont President...

  • Cantex' North Rackla exploration camp within a valley in the Yukon.

    Cantex reports high germanium values

    A.J. Roan, Mining News|Updated Feb 10, 2023

    Cantex Mine Development Corp. Feb. 9 announced an update from the Main zone on its North Rackla property that, after core analyses, mineralization shows levels of very high germanium content. Generated from a 30,000-square-kilometer (11,583 square miles) regional heavy mineral sampling program, North Rackla was discovered in an area favorable for Carlin-style mineralization similar to ATAC Resources Ltd.’s Osiris deposit in 2010. Staked in 2012, the ensuing work has i...

  • The Red Dog Mine processing facilities reflect off the water on a summer day.

    Teck launches Zinc Satellite Initiative

    Shane Lasley|Updated Feb 10, 2023

    The global transition to renewable energy is demanding enormous quantities of copper and zinc, two metals that are a specialty of Teck Resources Ltd. To help leverage its global portfolio to help fill the growing demand for copper, Teck launched Project Satellite in 2017. This initiative focused primarily on five copper assets in the Americas, including the Galore Creek and Schaft Creek projects in Northern British Columbia. According to a 2018 calculation, Galore Creek hosts...

  • Stack of large gold bars from the Gil deposit at the Fort Knox Mine in Alaska.

    Golden potential, critical opportunities

    Shane Lasley, Data Mine North|Updated Feb 2, 2023

    Gold dominates Alaska mineral exploration, but a critical shift arises. Since the discovery of gold in what is now the Alaska capital city of Juneau, prospectors, geologists, and fortune seekers have spent more than 140 consecutive summer seasons exploring The Last Frontier's golden potential. With these endeavors turning up rich aurum lodes in every corner of the state, except for the oil-rich North Slope, the nearly century-and-a-half tradition of seeking and discovering wor... Full story

  • A drill testing for copper and gold overlooks a river and mountains in BC.

    Drills cut higher grades at Schaft Creek

    Shane Lasley, Mining News|Updated Jan 19, 2023

    Copper Fox Metals Inc. Jan. 18 reported that initial assays from the 2022 drill program at Schaft Creek extend near-surface higher-grade zones with the large porphyry copper-gold deposit at this mine project in Northern British Columbia. Being advanced under a joint venture between Teck Resources Ltd. (75%) and Copper Fox (25%), Schaft Creek hosts 1.35 billion metric tons of measured and indicated resources averaging 0.26% (7.76 billion pounds) copper, 0.17 grams per metric to...

  • Outcropping rock with copper mineralization that is blue from oxidization.

    Northern BC offers ESG mining benefits

    Shane Lasley, Data Mine North|Updated Jan 18, 2023

    Working with First Nations is key to unlocking the Golden Triangle's vast potential. A world-class copper-gold district that is also enriched with nickel, cobalt, platinum group metals, and other critical minerals, the Golden Triangle region of Northern British Columbia is poised to be a major supplier of the mined commodities critical to a low-carbon future, cutting-edge technologies, and strong global economies. "Responsible mineral exploration and development are critical... Full story

  • Core stacks left behind at Pine Point when operations shut down in the 60s.

    Osisko explores energy metals potential

    A.J. Roan|Updated Jan 18, 2023

    With dewatering plans, an updated preliminary economic assessment, and updated mineral resource estimate out of the way, Osisko Metals Inc. has been exploring ways to maximize the potential of this world-class zinc-lead project that could easily rank it within the top ten zinc mines on the planet. Located just south of the Great Slave Lake, Pine Point was home to a former mine operated by Cominco (now Teck Resources) that produced roughly 14 billion pounds of zinc and 4...

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