Teck Takes Hard Line On Fording Debt

Vancouver–The harsh reality of Teck’s (TCK. B-T, TCK-n) debt burden has just become abundantly clear: the major has cancelled its annual dividend, slashed spending dramatically, and walked away from …

Hauling coal at Teck's Greenhills project, in southeastern B. C. The diversified miner will likely have a difficult time paying down the US$9.8 billion in debt its acquisition of Fording Canadian Coal Trust left it with, especially if metals prices remain weak.

Teck Wrestles With US$10B Debt

Vancouver — For the last few years, Teck (TCK. B-T, TCK-n) has been a reliable, dividend-paying investment option, a major mining company regularly recording substantial profits by cashing in on stro…

Fort Hills trio to go with design plan

Vancouver — Partners in the Fort Hills oilsands project, located in northern Alberta’s Athabasca region and about 90 km north of Fort McMurray, are moving forward with initial design plans that will …

A driller makes a connection while core drilling the Fort Hills project in the Athabasca oilsands. The project is slated to begin production in 2011 and is a joint venture between Petro-Canada, UTS Energy and Teck Cominco.

Teck Cominco Digs Oilsands

Vancouver — Since entering into its first oilsands investment in late 2005, Teck Cominco (TCK.B-T, TCK-N) seems to be developing a taste for the petroleum side of the resource industry. The Vancouver…

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