10 Facts About Teck Resources

1.

Teck Resources Limited, known as Teck Cominco until late 2008, is a diversified natural resources company headquartered in Vancouver, British Columbia, that is engaged in mining and mineral development, including coal for the steelmaking industry, copper, zinc, and energy.

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2.

Teck Resources was formed from the amalgamation of Teck and Cominco in 2001.

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3.

Teck Resources has interests in oil sands projects in Northern Alberta.

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4.

In 2020, Teck Resources announced an agreement to purchase the city of Kimberley, British Columbia's debt stake in the SunMine solar electricity generating station.

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5.

Decision on regulatory approval by the federal government cabinet was expected in February 2020, but on February 23 Teck Resources withdrew its application for the mine in advance of the decision.

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6.

Teck Resources fought the case for years and finally lost in a 2018 ruling which fined Teck Resources US$8 million for pollution.

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7.

Legal action taken by American citizens living in settlements downriver progressed to the U S Supreme Court and was denied certiorari, solidifying the Appellate Court's holding that Teck is subject to U S jurisdiction even though it is a Canadian company.

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8.

Residents living downstream from the mine launched a lawsuit against Teck Resources Cominco, demanding that the Red Dog mine complies with its environmental obligations and that it pay fines for continuing to violate its water permit requirements.

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9.

In 2016, Teck Resources shareholders elected deputy to China's National People's Congress, Quan Chong, to Teck's board of directors.

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10.

Teck Resources is the number one sponsor for the twenty-team ice hockey league, the Kootenay International Junior Hockey League with the KIJHL Championship named the Teck Cup.

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