Teck Resources Limited
Company Information

Teck Resources Limited Company Profile

Teck Resources really digs zinc ... and coal. ... and copper. Its Red Dog mine in Alaska holds some of the world's largest zinc reserves. The company's coal business operates through subsidiary Fording Canadian Coal Trust. (The company owned less than 20% of Fording until it spent $14 billion in 2008 to buy the rest of it.) It mines copper in Canada, Chile, and Peru. Teck's energy segment consists of stakes in three oil sands projects in Canada that are in the development stage. In 2012 Teck acquired Canada's SilverBirch Energy, which holds a 50% stake in the Frontier oil sands mining project, for $425 million. Teck started out in 1913 as a gold mining company, but has divested its gold assets.