TSX rises, Dec. 6-10
The S&P/TSX Composite Index climbed 1.25% or 257.3 points to finish the Dec. 6-10 trading week at 20,890.60 points. The S&P/TSX Global Mining Index rose 1.62% to 98.52 and the…
Teck Resources
Mining companies assess damage as B.C. recovers from floods
As officials assess the damage caused by heavy rain, flooding and mudslides in Canada’s British Columbia last month, mining companies have started gauging how severe climatic conditions this year have…
Feds, BC government launch climate resilience committee in wake of devastating floods
The federal and B.C. governments have formed a new committee to address climate resilience in British Columbia following the devastating flooding, mudslides, and damage to highways and rail infrastructure in…
Flooding disrupts Teck logistics
Canada’s largest diversified miner Teck Resources (TSX: TECK.A; TSX: TECK.B; NYSE: TECK), says the unprecedented rain and flooding in British Columbia has disrupted the supply chain between west coast terminals…
For developing nations, coal transition requires more than just money
Canada’s efforts to help developing nations transition away from coal won’t pay off unless the countries create policies that encourage its industries to make that shift, researchers said. At the…
For the world to hit net zero, global mining industry needs to ramp up capex
The global mining industry may need to nearly double its annual capital expenditure (capex) if the world is to cut its climate-changing carbon pollution to net zero by 2050, according…
Teck flags costs surge at Chile Quebrada Blanca expansion
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) Canada’s largest diversified miner, said this week that while construction of its massive Quebrada Blanca Phase 2 (QB2) expansion project in Chile is two-thirds…
TSX moves higher, Oct. 11-15
The S&P/TSX Composite Index rose 511.8 points or 2.51% to 20,928.10 during the Oct. 11 to Oct. 15 trading week. The S&P/TSX Global Mining Index increased 5.73 points or 6.02%…
World’s largest miners commit to net zero emissions by 2050
A group of the world’s biggest mining companies have pledged to reach net zero greenhouse gas emissions by 2050 or sooner, in line with the goals outlined in the Paris…
Analysts raise target prices on Teck after investor day
Analysts at CIBC, Canaccord Genuity, Raymond James and BMO Capital Markets raised their target prices on Teck Resources (TSX: TECK.A/B; NYSE: TECK) following the diversified miner’s September 21 Investor Day,…
Copper Fox PEA for Schaft Creek porphyry puts development cost at US$2.7B
Copper Fox Metals (TSXV: CUU; US-OTC: CPFXF) has released an updated preliminary economic assessment for the Schaft Creek copper-molybdenum-gold-silver deposits in northwestern British Columbia. Compared with a previous 2013 PEA,…
TSX posts small gain, Aug. 30-Sept. 3
The S&P/TSX Composite Index rose 176.80 points or 0.86% to finish the August 30 to September 3 trading week at 20,821.40. The S&P/TSX Global Mining Index fell 0.92 points or…