.TeckResources quarterly profit surges, CEO Lindsday retires new CEO and president appointments announced copper zinc coal diversifiedmining Canada
as president, said the record results were driven by strong commodity prices, particularly record steelmaking coal prices. This enabled the group to complete C$572-million in share buybacks and pay down a further $650-million in outstanding debt.
Unit costs for copper will increase to between $1.48/lb and $1.58/lb, compared with the previously disclosed guidance of $1.40/lb to $1.50/lb. Unit costs for zinc will increase from $0.32/lb to $0.38/lb to between $0.37/lb and $0.43/lb. Steelmaking coal’s cost guidance increased from between C$79/t and C$83/t to between C$87/t and C$92/t.
“Don and the board have been focused on succession for a number of years. We are delighted to have been able to recruit Jonathan and Red in 2020 and, under Don’s leadership, position them for successful advancement into these roles,” said chairpersonPrice, incoming CEO, is currently Teck’s executive VP and CFO and is an experienced executive with a proven track record spanning over 20 years in mining, capital markets, business development and finance.
Conger will focus on operational performance and delivery of Teck’s major projects including the final stage of construction at the QB2 copper project, in Chile, and advancing the QB Mill Expansion project and other copper growth pipeline projects.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Teck CEO Don Lindsay to retire after 17 yearsLindsay\u0027s retirement was \u0022unexpected,\u0022 one analyst said. He will be replaced by CFO Jonathan Price. Find out more here.
Read more »
Teck CEO Don Lindsay to retire after 17 yearsLindsay\u0027s retirement was \u0022unexpected,\u0022 one analyst said. He will be replaced by CFO Jonathan Price. Find out more here.
Read more »
'I'm accountable for the outage': Rogers CEO vows to make 'urgent fixes' during grilling before MPsRogers Communications Inc.\u0027s chief executive Tony Staffieri took responsibility for the massive July 8 network outage at a hearing today
Read more »
Rogers CEO says company 'failed’ and will spend $250 million to split networkRogers Communications Inc.’s top executive said the company “failed to deliver” on a promise of reliable service. Read on
Read more »
'I regret that': Rogers should have called government sooner over massive outage, CEO admits\u0027It should not be to the minister of industry to reach out to the CEO of Rogers. It should be the other way around,\u0027 said François\u002DPhilippe Champagne
Read more »
Rogers CEO says company 'failed’ and will spend $250 million to split networkRogers Communications Inc.’s top executive said the company “failed to deliver” on a promise of reliable service. Read on
Read more »