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Teck Resources announces sweeping executive changes

Teck Resources Ltd announced sweeping changes in its senior ranks on Tuesday, including the retirement of its chief operating officer.


Grande Cache Coal closes mine, lays off 220 employees

The closure of the Grande Cache Coal mine is devastating news for the community, the town’s mayor says.

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Anglo American to axe 53,000 jobs, put 15 assets up for sale

Anglo American (LON:AAL) announced Friday it lost $3 billion during the first half of 2015 and that it would cut 53,000 jobs in the coming years, as a deep rout in commodity prices continue to add strain to battered miners everywhere.

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Teck credit rating at risk due to poor commodity price

“…our credit ratings are recently put on negative outlooks by S&P and Moody’s due to the current economic environment,” said Ron Millos, Teck CFO. “Our investment grade credit ratings continue to be a priority for us.

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Coal slump hits Teck’s profit, output forecast

21% drop in quarterly profit and cut its 2015 coal production forecast due to falling demand from China and increased supply from Australia.

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Indian miner to expand operations at Rio’s former Mozambique coal assets

“We hope that in five years, the infrastructure will also improve. That’s a big hope,” Jha toldReuters.

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Norway’s sovereign wealth fund should stop investing in coal, government says

Norway’s parliamentary parties have agreed that the country’s $900 billion sovereign wealth fund should stop investing in coal companies because of their impact on climate change.

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Teck’s Don Lindsay: Mining, Metals & the markets: Part One

BNN commentator Andrew McCreath speaks with Don Lindsay, President & CEO, Teck Resources about falling commodity prices, the impact on his business and the industry.

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Up to 250 workers at Grande Cache coal mine face layoffs

Hundreds of employees at Grande Cache Coal in western Alberta are facing layoffs.

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2014 a gruelling year for B.C. miners

How bad was 2014 for Vancouver-based mining companies? With coal prices stumbling along at 52-week lows, even the lumps in the stocking were a stinking money-loser.


March 2016
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Labour News Wire