Teck Announces Completion of Sale of Fort Hills Interests

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today that it has completed the sale of its 21.3% interest in the Fort Hills Energy Limited Partnership ("Fort Hills") to Suncor Energy Inc. ("Suncor") and TotalEnergies EP Canada Ltd. ("TotalEnergies"), a subsidiary of TotalEnergies SE. Teck received aggregate cash proceeds of approximately $1 billion and does not anticipate any tax payable on the disposition.

About Teck
As one of Canada's leading mining companies, Teck is committed to responsible mining and mineral development with major business units focused on copper, zinc, and steelmaking coal. Copper, zinc and high-quality steelmaking coal are required for the transition to a low-carbon world. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources .

Investor Contact:
Fraser Phillips
Senior Vice President, Investor Relations and Strategic Analysis
604.699.4621
fraser.phillips@teck.com

Media Contact:
Chris Stannell
Public Relations Manager
604.699.4368
chris.stannell@teck.com


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

TECK.A:CA,TECK.B:CA,TECK
The Conversation (0)
Copper bars with weight stamps, stock market chart background.

What Was the Highest Price for Copper?

Strong demand in the face of looming supply shortages has pushed copper to new heights in recent years.With a wide range of applications in nearly every sector, copper is by far the most industrious of the base metals. In fact, for decades, the copper price has been a key indicator of global... Keep Reading...
Large blue letters "ASX" over green and red stock market graphs and indices names, text reads: ALL ORDINARIES.

Glencore Eyes ASX Listing to Tap US$3.1 Trillion Pension Pool

Glencore (LSE:GLEN,OTCPL:GLCNF) will pursue a secondary listing on the Australian Securities Exchange (ASX) as early as October, attempting to tap into the country's US$3.1 trillion pension pool following a massive surge in first-half corporate profits.Chief Executive Gary Nagle said the company... Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Raptor Metals (RAP:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Azzuro Resources (AZ9:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Blackstone Minerals (BSX:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...

Interactive Chart

Latest Press Releases

Related News