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Teck Resources Limited

Company Detail

Description

Teck Resources Limited is a Canadian diversified resource company focused on copper, zinc and coal production, and is developing an energy business unit with interests in oil sands and renewable power. Founded in 1913, the Vancouver-based company has operations in Canada, United States, Chile and Peru. Its Latin American operations include a 22.5% stake in the Peruvian Antamina copper and zinc mine, and the Chilean copper mines Quebrada Blanca (76.5%) and Carmen de Andacollo (90%). In 2015, Teck and fellow Canadian mining company Goldcorp Inc. agreed to combine their respective assets in Chile into a single copper, gold and molybdenum project. The 50:50 joint venture, known as NuevaUnión, combines El Morro (US$3.9bn) and Relincho (US$4.5bn) projects.

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