Copper

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual Meeting of Shareholders held on Wednesday, April 27, 2022 (the "Meeting"). A total of 6,685,993 Class A common shares and 390,582,052 Class B subordinate voting shares were voted at the Meeting, representing 81.24% of the votes attached to all outstanding shares.

Shareholders voted in favour of all items of business before the Meeting, as follows.

1. Shareholders elected 13 directors, as follows:

Votes in Favour Votes Withheld % of Votes in Favour
M.M. Ashar 998,108,979 38,391,008 96.30
Q. Chong 1,003,321,849 33,178,138 96.80
E.C. Dowling 1,005,692,898 30,807,089 97.03
N.B. Keevil III 1,031,704,819 4,795,168 99.54
D.R. Lindsay 1,004,061,906 32,438,081 96.87
S.A. Murray 985,866,949 50,633,038 95.11
T.L. McVicar 1,033,657,860 2,842,127 99.73
K.W. Pickering 1,031,687,112 4,812,875 99.54
U.M. Power 1,014,726,424 21,773,563 97.90
P.G. Schiodtz 1,007,556,756 28,943,231 97.21
T.R. Snider 1,019,432,371 17,067,616 98.35
S.A. Strunk 1,034,911,312 1,588,675 99.85
M. Tani 1,035,035,443 1,464,544 99.86

Following publication of Teck's management information circular for the Meeting, one of the nominees advised the Board that he was unable to stand for election. Consequently, 13 directors were elected at the Meeting.

2. Shareholders re-appointed PricewaterhouseCoopers LLP as auditor of the Corporation, with 98.09% of votes cast in favour.

3. Shareholders approved the advisory resolution on Teck's approach to executive compensation ("say on pay") as described in Teck's management proxy circular dated March 1, 2022, with 95.04% of votes cast in favour.

Detailed voting results for the meeting are available on SEDAR at www.sedar.com . Further information about Teck's directors and corporate governance and executive compensation practices are available in the management information circular for the meeting, which is available at www.Teck.com/reports along with our 2021 Annual and Sustainability Reports.

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, as well as investments in energy assets. 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

Northern Dynasty: Pebble Partnership Reacts to U.S. Environmental Protection Agency's Announcement to Pursue Political Preemptive Veto Again

Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) ("Northern Dynasty" or the "Company" or "NDM") reports that John Shively, CEO of its 100%-owned U.S-based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") released the following statement about today's news that the U.S. Environmental Protection Agency ("EPA") intends to advance its preemptive veto of the Pebble Project

"This is clearly a giant step backwards for the Biden Administration's climate change goals. I find it ironic that the President is using the Defense Production Act to get more renewable energy minerals such as copper into production while others in the Administration seek political ways to stop domestic mining projects such as ours. As we are still actively working through the established permitting process via our appeal of the Army Corps of Engineers permit denial, we oppose any action that is outside of that process. This preemptive effort is clearly a political maneuver to attempt to block our ability to work through that established process. Further, the Army Corps of Engineers published an Environmental Impact Statement ("EIS") for Pebble in 2020 with input from many agencies including the EPA that states that the project can be done without harm to the region's fisheries. The EIS further notes the tremendous economic opportunity the project represents for the communities around Iliamna Lake where year-round jobs are scarce, and the cost of living is very high. We still need an opportunity to review the specific details that will be in the preemptive veto action. It is also worth noting that there are several additional internal steps that the EPA must follow before anything is final including a public comment period and a decision by the Assistant Administrator. The Pebble Project remains an important domestic source for the minerals necessary for the Biden Administration to reach its green energy goals and if it blocks Pebble it will have to seek minerals to meet its goals from foreign sources which simply do not have the same environmental standards as we do."

Keep reading... Show less
American West Metals

Drilling at West Desert Confirms New Mineralised Zone

American West Metals Limited (American West or the Company) (ASX: AW1) is pleased to announce that drill hole WD22-19 - the first exploration drill hole completed by American West - has delivered a discovery that may potentially represent a significant extension of the known mineralisation at the West Desert Project in Utah (West Desert or the Project).

Keep reading... Show less

Teck Announces Cash Tender Offer for up to US$500 million of Debt Securities

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today that it commenced a cash tender offer (the "Tender Offer") to purchase up to US$500 million aggregate principal amount (subject to increase or decrease by Teck, the "Aggregate Maximum Tender Amount") of its outstanding notes listed in the table below (collectively, the "Notes" and each a "Series" of Notes), in the order of priority shown in the table below.

Acceptance Priority Level CUSIP / ISIN Title of Security
Aggregate Principal Amount Outstanding
Reference U.S. Treasury Security Bloomberg Reference Page Fixed Spread (basis points) (1)
1 878742AW5 / US878742AW53 6.250% Notes due 2041 US$794,717,000 3.250% U.S. Treasury due May 15, 2042 FIT1 230
2 878742AE5 / US878742AE55 6.125% Notes due 2035 US$609,355,000 2.875% U.S. Treasury due May 15, 2032 FIT1 230
3 878742AS4 / US878742AS42 6.000% Notes due 2040 US$490,670,000 3.250% U.S. Treasury due May 15, 2042 FIT1 230
4 878742AZ8 / US878742AZ84 5.400% Notes due 2043 US$376,908,000 3.250% U.S. Treasury due May 15, 2042 FIT1 230
5 878744AB7 / US878744AB72 5.200% Notes due 2042 US$399,043,000 3.250% U.S. Treasury due May 15, 2042 FIT1 230
6 878742BE4 / US878742BE47
878742BG9 / US878742BG94
3.900% Notes due 2030 US$550,000,000 2.875% U.S. Treasury due May 15, 2032 FIT1 195

(1) Includes the Early Tender Premium of US$50 per US$1,000 principal amount of Notes for each Series (the "Early Tender Premium").

Keep reading... Show less

Hudbay Receives Favourable U.S. District Court Ruling on Copper World

Hudbay Minerals Inc. ("Hudbay" or the "company") ( TSX, NYSE: HBM) received a favourable decision from the U.S. District Court for the District of Arizona ("District Court") relating to the company's Copper World project in Arizona. The District Court ruled in favour of Hudbay on all issues, including that Copper World and Rosemont are not connected under the National Environmental Policy Act ("NEPA") and, therefore, that the Army Corps of Engineers ("ACOE") does not have an obligation to include Copper World as part of its NEPA review of Rosemont. The District Court also granted Hudbay's motion to dismiss the Copper World preliminary injunction request filed by the plaintiffs in the two lawsuits challenging the Section 404 Clean Water Act permit for Rosemont on the basis that the lawsuits are moot after the company surrendered its 404 permit back to the ACOE in April 2022. The ACOE has never determined that there are jurisdictional waters of the U.S. on the Copper World site and Hudbay has independently concluded through its own scientific analysis that there are no such waters in the area.

In April 2022, the company commenced early site works at Copper World with initial grading and clearing activities continuing at site. The company also continues exploration and technical work at site with seven drill rigs conducting infill drilling and supporting future feasibility studies.

Keep reading... Show less
electric vehicle charging at the side of the road

EV Copper Use to Rise, How Australia Can Help Fill Demand

One of the key steps to reducing our carbon footprint is decarbonising the transport sector. To that end, the world's leading car and truck manufacturers are racing to develop battery-powered electric vehicles (EVs) that will ultimately bring about the end of the internal combustion engine (ICE).

According to the International Energy Agency, EVs comprised 9 percent of total global vehicle sales in 2021 as electric car sales more than doubled to 6.6 million — that's triple their market share from two years earlier.

Australia is no exception — sales in the country tripled in 2021 to 20,665 EVs, up from 6,900 in 2020. Market share came in at 2 percent of all car sales in the nation versus 0.78 percent in 2020, as per the EV Council of Australia.

Keep reading... Show less
copper pipes and wire

VIDEO — Joe Mazumdar: Copper is the Commodity of the Decade, Ways to Get Exposure

Joe Mazumdar: Copper is the Commodity of the Decade, Ways to Get Exposure youtu.be

Investors often focus on the commodities of the moment, but which have potential over the next decade?

Speaking to the Investing News Network at the recent Vancouver Resource Investment Conference (VRIC), Joe Mazumdar, editor of Exploration Insights, said copper is his pick.

"Some of it's battery metal exposure, it's construction," he said. "But also on the supply side, the lack of development projects and the higher permitting risk combined with more geopolitical risk in two of the major producers, Chile and Peru. They might have issues with production into a market (where) demand might grow."

Keep reading... Show less

Latest Press Releases

Related News

×