For the reported quarter, realized prices for steelmaking coal and copper fell 41% and 11% respectively, denting profit
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingVANCOUVER — Teck Resources Ltd. announced the death of an employee at its Quebrada Blanca copper mine expansion in Chile as it reported a profit attributable to shareholders of $510 million in its second quarter, down from $1.7 billion for the same period last year.
FRANKFURT, Germany — The European Central Bank raised interest rates for the ninth straight time Thursday in its yearlong campaign to stamp out painfully high inflation and kept the door open to further hikes despite increasing fears of recession. ECB President Christine Lagarde had all but promised the quarter-percentage point increase and said the bank's next moves would be determined by what the data — including inflation and job numbers — will show.
WASHINGTON — The U.S. economy surprisingly accelerated to a 2.4% annual growth rate from April through June, showing continued resilience in the face of steadily higher interest rates resulting from the Federal Reserve’s 16-month-long fight to bring down inflation. Thursday’s estimate from the Commerce Department indicated that the gross domestic product — the economy’s total output of goods and services — picked up from the 2% growth rate in the January-March quarter.
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Teck announces employee death, lowers production guidance at copper mine project - BNN BloombergTeck Resources Ltd. announced the death of an employee at its Quebrada Blanca copper mine expansion in Chile as it reported a profit attributable to shareholders of $510 million in its second quarter, down from $1.7 billion for the same period last year.
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Teck Resources misses quarterly profit estimates, lowers annual copper output targetTeck said it lowered its annual copper production outlook due to delays at a project in Chile
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Teck Resources misses quarterly profit estimates, lowers annual copper output targetTeck said it lowered its annual copper production outlook due to delays at a project in Chile
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Teck announces employee death, lowers production guidance at copper mine project - BNN BloombergTeck Resources Ltd. announced the death of an employee at its Quebrada Blanca copper mine expansion in Chile as it reported a profit attributable to shareholders of $510 million in its second quarter, down from $1.7 billion for the same period last year.
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Los Andes Copper signs $20M royalty agreement with Ecora ResourcesA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
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Imperial Metals reports higher copper and gold outputVancouver-based Imperial Metals has reported higher quarterly copper and gold production, with the Mount Polley and Red Chris mines, in British Columbia, growing output in the three months ended June. The TSX-listed firm’s production for the second quarter was 11.18-million pounds of copper and 14 289 oz of gold, of which 7.06-million pounds copper and 10 185 oz gold were produced at Mount Polley and 4.12-million pounds copper and 4 104 oz gold from Imperial’s 30% share of Red Chris mine production.
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