Teck Resources Ltd (NYSE:TECK)
$ 52.13 -0.41 (-0.78%) Market Cap: 27.02 Bil Enterprise Value: 34.68 Bil PE Ratio: 22.86 PB Ratio: 1.41 GF Score: 79/100

Teck Resources Ltd at Citi Basic Materials Conference (Virtual) Transcript

Dec 02, 2020 / 08:00PM GMT
Release Date Price: $16.68 (+1.77%)
Alexander Nicholas Hacking
Citigroup Inc., Research Division - Director & Head of Americas Metals and Mining Sector

Okay. Good afternoon, everyone. Welcome to the Citi Basic Materials Conference, discussion with Teck Resources.

Very happy to be joined today by Don Lindsay, the CEO, several members of the management team, including Ron Millos, CFO; Fraser Phillips, SVP, Investor Relations and Strategic Analysis.

(Operator Instructions)

I'm sure you will know, but for those that don't, Teck is a diversified miner based in Canada, the largest non-gold mining company left in Canada. The company has 3 main products: copper, zinc, metallurgical coal. Has also added a minority stake in Canadian oil sands. Mines are all in very friendly jurisdictions, Canada, U.S., Chile being the largest.

Company's in the middle of a major project at the moment, the QB2 copper mine in Chile. It's a true Tier 1 asset, going to have roughly 300,000 tonnes of copper. And that's all under construction and start ramping up in 2022 and sort of significantly rebalanced Teck's portfolio

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