Strong growth on the cards for resources group

Canadian resources group Teck Resources expects the company and the country to benefit from the continued growth in demand for raw materials from Asia.

Teck earned C$411m in Q4, helped by base metals

Vancouver-based Teck Resources posted a C$411-million net profit for the fourth quarter of 2009, compared with a C$607-million loss a year earlier, after higher base-metal prices offset weaker coal prices and the effects of a stronger Canadian...

BC regulator approves Teck sale of Waneta Dam stake

The British Columbia Utilities Commission has approved Teck Resources' sale of a one-third interest in the Waneta Dam to the British Columbia Hydro and Power Authority for C$825-million. The commission concluded that the expenditure proposed by...

Teck closes sale of Pogo stake

Vancouver-based Teck Resources has completed the sale of its interest in the Pogo gold mine, in Alaska, for $245-million, the firm reported on Wednesday. The group, which has been selling noncore assets for cash to repay debt, announced in April...

Teck enters agreement to sell Waneta Dam stake

Diversified miner Teck Resources has entered into a nonbinding memorandum of understanding with BC Hydro regarding a proposed sale of a one-third interest in Teck's Waneta Dam, in southeastern British Columbia, for C$825-million. Tax pools...