Market responds positively to the news on Friday
Teck Resources has restructured its business to support its shift to a pure-play energy transition company, The market responded positively to the news, gaining 1% over the course of Friday's session to close at $49.90/share on the NYSE.
The new business structure organises Teck around two regional business units: the North American business unit - which includes Highland Valley Copper, Red Dog and Trail operations, the Galore Creek, Schaft Creek, and New Range copper growth projects - and the Latin America business unit - which includes Carmen de Andacollo and Quebrada Blanca operations, Teck's interest in Antamina, and the Zafranal, San Nicolas, and NuevaUnión copper growth projects.
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