Teck Resources Launches Operations Review, Defers Sanctioning of Major Growth Projects

MT Newswires Live

09/03

Teck Resources (TECK) said late Tuesday that it launched an operations review aimed at improving performance with a "detailed" QB action plan and that it is defering sanctioning of major growth projects until the Chilean project achieves steady-state operations and ramp-up objectives.

The review is expected to be completed by October.

The company also said that Chief Operating Officer Shehzad Bharmal has retired.

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