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By Shane Lasley
Data Mine North 

Teck explores future after takeover bid

Mining Explorers 2023 - January 18, 2024

 

Last updated 2/8/2024 at 1:39pm

A drill on the slopes of Galore Creek Mining Corp.'s Galore Creek project.

Galore Creek Mining Corp.

A joint venture between Teck and Newmont carried out roughly 25,000 meters of geotechnical, metallurgical, and resource development drilling at Galore Creek last year in preparation for a prefeasibility study for the world-class copper project in British Columbia's Golden Triangle.

Teck Resources Ltd. went into 2023 with a strategy to better position for the energy transition by spinning its steelmaking coal unit into the newly formed Elk Valley Resources, and advancing its copper- and zinc-forward metals assets under a rebranded Teck Metals Ltd.

This proposed reorganization, however, was stymied by an aggressive takeover bid by Glencore that wanted to incorporate Teck's...



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