The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News - September 2, 2024
Copper is a primary focus for Teck as it aims to become a pure-play energy transition metals company.
Jonathan Price
Teck Resources Ltd. Sept. 1 restructured its business and executive management team to support its shift to a pure-play energy transition metals company focused on growth.
This transition began with closing the sale of its steelmaking coal business to Glencore for $7.3 billion cash in July. With this sale, Teck's portfolio consists primarily of copper and zinc assets in North and Latin America.
The Canada-based mining company has now reorganized these assets into two regional business units.
The North American business unit includes the Highland Valley copper mine in Southern British Columbia, Red Dog zinc mine in Alaska, and Trail zinc and critical metals refinery in B.C.
Copper growth projects encompassed by this business unit include the Galore Creek and Schaft Creek projects in Northern B.C. and New Range copper-nickel project in Minnesota.
Jonathan Price
The Latin America (LATAM) business unit includes the Carmen de Andacollo and Quebrada Blanca copper mines in Chile and Teck's interest in the Antamina copper mine in Peru. The copper growth project encompassed by the LATAM unit includes the Zafranal and NuevaUnión projects in Peru and the San Nicolas copper-zinc project in Mexico.
"This new structure will ensure Teck is optimally positioned to operate safely, efficiently and responsibly while capitalizing on profitable growth opportunities and enhancing value for our shareholders and all stakeholders," said Teck President and CEO Jonathan Price.
The company has also reorganized its executive team to better manage the new regional business units.
"This change simplifies our business with a streamlined executive leadership team and regional structure to support our strategy focused on growth in copper, balanced with shareholder returns and the long-term resiliency of our business," Price added.
The reshaped executive team includes:
• Ian Anderson, who has been elevated from senior vice president and chief commercial officer to executive vice president and chief commercial officer, responsible for margin enhancement through sales and procurement strategies and execution.
• Shehzad Bharmal has been elevated from senior vice president of base metals to executive vice president and COO, responsible for driving safety, operational excellence, and asset optimization at Teck's operations across both the North America and LATAM regional business units.
• Jeff Hanman has been elevated from senior vice president of sustainability and external affairs to executive vice president and chief strategy officer, responsible for corporate strategy and initiatives to position Teck as a leading producer of energy transition metals.
• Nic Hooper has been elevated from senior vice president of corporate development to executive vice president and chief corporate development officer, responsible forcorporate development and value creation through portfolio optimization and Teck's extensive exploration activities.
• Karla Mills, currently SVP, Projects, has been appointed EVP and Chief Project Development Officer, responsible for accelerating growth by ensuring excellence in all aspects of the delivery of our portfolio of copper growth projects.
• Crystal Prystai has been elevated from senior vice president and chief financial officer to executive vice president and CFO, responsible for overall financial management at Teck.
• Charlene Ripley has been elevated from senior vice president and general counsel to executive vice president and chief legal and sustainability officer, responsible for maintaining Teck's leading sustainability performance.
• Dean Winsor has been elevated from senior vice president and chief human resources officer to executive vice president and chief people officer, responsible for human resources, development of Teck's world-class talent, and the progression of a diverse, respectful and inclusive workplace.
"This executive leadership team bring to their portfolio an incredible breadth of experience and I look forward to working with them to unlock the full value of our premium energy transition metals portfolio and leading copper growth pipeline," said Price.
Over his more than 16 years of covering mining and mineral exploration, Shane has become renowned for his ability to report on the sector in a way that is technically sound enough to inform industry insiders while being easy to understand by a wider audience.
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