Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is one of Canada’s largest diversified miners, producing copper and zinc as its two core commodities from operations spanning Canada, Chile, Peru and Alaska. Headquartered in Vancouver, Teck Resources is in the process of completing a roughly $70-billion merger of equals with Anglo American, a deal set to create a new group called Anglo Teck and position the combined company as one of the world’s top five copper producers.
Teck Resources — Company Overview
Teck Resources traces its roots to a 1913 gold mining incorporation and took its current form through a series of mergers, most notably the 2001 combination with Cominco. The company completed a major strategic shift in 2023-2024, divesting its steelmaking coal business to Glencore, Nippon Steel and POSCO in transactions that closed in July 2024. That divestment left Teck Resources as a pure-play copper and zinc producer for the first time in its history. Leadership sits with CEO Jonathan Price, who took over in November 2023, and Board Chair Sheila Murray. For 2024, Teck Resources reported revenue of approximately C$9.1 billion and net income of C$283 million, with a workforce of more than 13,000 people.
Key Assets & Operations
Teck Resources’ flagship copper asset is Highland Valley Copper in British Columbia, a wholly-owned mine currently undergoing a life-extension project. In Chile, the company operates the Quebrada Blanca and Carmen de Andacollo copper mines, with Quebrada Blanca having gone through a costly and complex Phase 2 expansion. Teck Resources also holds a minority interest in the Antamina copper-zinc joint venture in Peru, one of the largest mines of its kind in the Andes.
On the zinc side, the Red Dog mine in Alaska, north of the Arctic Circle, ranks among the largest zinc mines in the world and supplies concentrate to Teck Resources’ Trail smelting and refining complex in British Columbia. Trail is one of the largest fully integrated zinc-lead smelters globally, and it also recovers lead, silver, and the technology metals germanium and indium as by-products of the refining process. The Canadian government committed up to C$400 million toward expanding germanium output at Trail in 2026, underlining the site’s role in North American critical minerals supply, though the germanium and indium side of the business is a secondary output rather than Teck Resources’ primary commercial focus.
Latest Projects & Developments
The most significant near-term event for Teck Resources is its pending merger with London-listed Anglo American, announced in September 2025 and approved by shareholders and Canadian regulators by the end of that year. The combined entity, to be named Anglo Teck, is expected to keep its headquarters in Vancouver and is being positioned as a copper-focused critical minerals champion with more than 70% of investor exposure tied to copper. The transaction is working through final regulatory approvals and is targeted to close in the second half of 2026 — a timeline that should be treated as a target rather than confirmed until formal closing is announced.
Alongside the merger, Teck Resources continues to invest in extending mine life at Highland Valley Copper and in ramping up the Quebrada Blanca Phase 2 expansion in Chile, both central to the company’s copper growth plans as it heads into the enlarged Anglo Teck structure.
Teck Resources in the Global Critical Minerals Market
Copper generated the large majority of Teck Resources’ gross profit in recent reporting periods, with zinc contributing roughly a third of revenue. That commodity mix, plus the pending Anglo American combination, places Teck Resources at the centre of Western efforts to build non-Chinese-controlled copper supply chains for grid infrastructure and electrification. The company’s Trail complex also gives it a notable, if secondary, role in germanium and indium supply — metals used in fibre optics, infrared systems and semiconductors — alongside established producers such as Glencore. Once the Anglo Teck merger completes, Teck Resources’ asset base will sit alongside major diversified peers like Rio Tinto in the upper tier of global copper producers; see also our ranking of the world’s largest copper mining companies for how the sector’s leaders compare on production volume.
For authoritative production and reserve context on copper, see the USGS Mineral Commodity Summaries. Current exchange pricing for both copper and zinc is tracked on the London Metal Exchange.
Company Snapshot
| Founded | 1913 (as Teck-Hughes Gold Mines); current structure from 2001 Teck-Cominco merger |
|---|---|
| Headquarters | Vancouver, British Columbia, Canada |
| Listing | TSX: TECK.A, TECK.B; NYSE: TECK |
| Primary minerals | Copper, Zinc |
| Secondary minerals | Lead, Silver, Germanium, Indium, Molybdenum |
| Flagship projects | Highland Valley Copper (Canada), Red Dog (Alaska), Quebrada Blanca & Carmen de Andacollo (Chile), Antamina (Peru, JV) |
| 2024 revenue | C$9.1 billion |
| Pending transaction | Merger of equals with Anglo American (Anglo Teck), targeted to close H2 2026 |
What does Teck Resources produce?
Teck Resources primarily produces copper and zinc, with lead, silver, germanium, indium and molybdenum as secondary metals from its refining operations.
Where are Teck Resources’ main operations located?
Teck Resources operates mines and processing facilities in British Columbia and Alaska, plus copper mines in Chile and a joint-venture copper-zinc mine in Peru.
Is Teck Resources merging with another company?
Yes. Teck Resources agreed a merger of equals with Anglo American in September 2025 to form Anglo Teck, a deal targeted to close in the second half of 2026.
Does Teck Resources still produce coal?
No. Teck Resources divested its steelmaking coal business to Glencore, Nippon Steel and POSCO, with the sale completing in July 2024, leaving it focused on copper and zinc.
Who leads Teck Resources?
Teck Resources is led by CEO Jonathan Price, who took the role in November 2023, with Sheila Murray serving as Board Chair.
