Teck Resources Limited Class B, commonly referred to as TECK, is a Canadian diversified resource company committed to responsible mining and mineral development. Teck is the largest diversified resource company in Canada and the third-largest in North America based on market capitalization. It operates in various sectors including copper, steelmaking, coal, zinc, and energy.
Listed on both the Toronto Stock Exchange and New York Stock Exchange, Teck Resources classifies its operations into three business units. These include steelmaking coal, copper, and zinc. The company also has interests in several oil sands development assets. Primarily, Teck Resources conducts activities related to the exploration, development, processing, and smelting of products within these lines of business.
The company was established back in 1913 and had its headquarters located at Vancouver, British Columbia. It has grown over the years in both the scale and breadth of its business operations. Today, it owns or has interests in 15 mines in Canada, the United States, Peru, and Chile. Its main customer groups include leading names in the steel, vehicle, and electronics industries.
The company is known for being socially responsible and committed to sustainability. The organization places a significant emphasis on environmental management. Some of these efforts include reclaiming the lands it mines on and managing water use throughout its operations. In fact, Teck has been named to the Dow Jones Sustainability World Index for 11 consecutive years, illustrating its commitment to running a sustainable business.
To maintain its long-term competitiveness while working towards a low-carbon future, Teck has been investing in various initiatives to reduce greenhouse gas emissions at their operations and projects. They also have several renewable energy projects in their portfolio.
Alongside its mining operations, Teck has also taken significant steps in researching and implementing technology and innovation within its processes. This includes the use of autonomous vehicles and drones in their mining operations - improving safety, efficiency, and productivity.
Teck Resources has proven to be a leader in its industry not just because of its scale or diversified interests, but also due to its commitment to sustainability, it’s drive for innovation, and corporate responsibility. With more than a century's experience under its belt, it employs approximately 10,000 people and continues to make a mark in the international mining industry.