Glencore ups stake in Polymet to 82% through US$195M rights offering
PolyMet Mining (TSX: POM) says it has completed one of the largest rights offering on the market. Under the offering, PolyMet shareholders had the right to acquire roughly 0.91 of…
Teck Resources Limited
TSX drifts higher over holiday-shortened Apr. 3-6 trading week
Over the Good Friday-shortened Apr. 3-6 trading week, the S&P/TSX Composite Index inched up 96.8 points or 0.5% to 20,196.69. The S&P/TSX Global Mining Index added 0.41 points or 0.4%…
Teck, Agnico close San Nicolás copper JV in Mexico
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Teck Resources (TSX: TECK.A/TECK.B, NYSE: TECK) have closed their previously announced joint venture to advance the San Nicolás copper-zinc project in Mexico….
U.S. inflation knocks NYSE lower last week
The Dow Jones Industrial Average fell 873.83 points or 2.6% to 32,816.92 during the Feb. 21-24 trading period after the U.S. Commerce Department reported higher-than-expected inflation for January of 6.4%…
Teck Resources becomes Teck Metals as it spins off coal unit
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, announced major changes on Tuesday, switching its name to Teck Metals Corp. and spinning off its multibillion-dollar steelmaking coal unit…
U.S. agency blocks Northern Dynasty’s Pebble project in Alaska
Northern Dynasty Minerals’ (TSX: NDM; NYSE: NAK) contentious Pebble project in southwest Alaska is on the rocks again after the Environmental Protection Agency denied environmental approvals. The EPA on…
Battery metal binge outweighs cost hikes at PolyMet copper-nickel project in Minnesota
Surging demand for battery metals is offsetting increased costs to build PolyMet Mining’s (TSX: POM) copper-nickel project in northeastern Minnesota, according to new estimates. Developing the first phase of the…
Pretium’s Bob Quartermain on respect, equality and ‘creating a good outcome’ for all
At the most recent Mining Legends Speaker Series event at the Fairmont Pacific Rim in Vancouver, industry veteran Bob Quartermain, recently inducted into the Canadian Mining Hall of Fame, walked…
Teck says Elkview outage to cost 1.5M tonnes in coal production
Canada’s largest diversified miner Teck Resources (TSX: TCK.A/TCK.B; NYSE: TCK) said on Wednesday it expects to lose coal production of about 1.5 million tonnes due to a structural failure at its…
Teck, Agnico team up at San Nicolas in Mexico
Two of Canada’s biggest mining companies are teaming up in Mexico at the San Nicolas copper-zinc development project, one of the country’s largest undeveloped volcanic-hosted massive sulphide deposits and among…
Teck CEO Don Lindsay stepping down after 17 years at top job
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, has announced its chief executive officer, Don Lindsay, will step down after 17 years in the role. Lindsay, who will…
Teck tests carbon capture use and storage in British Columbia
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada’s largest diversified miner, has set a carbon capture utilization and storage (CCUS) pilot project at its metallurgical complex in southern British Columbia. The CCUS plant, which…