as tsx tck.a tck.b nyse tck s & p tsx 60 component industry metals and mining founded 1906 consolidated mining and smelting company of canada headquarters vancouver british columbia canada key people norman b. keevil chair donald r. lindsay president & ceo ronald a. millos cfo products zinc gold copper coal oil revenue c 11.514 billion 2011 1 24.8 % net income c 2.768 billion 2011 1 43 % total assets c 34.219 billion 2011 1 17.8 % total equity c 17.893 billion 2011 1 12.57 % number of employees 13 500 2011 2 divisions teck metals ltd. since july 20 2001 vancouver teck cominco peru s.a lima minera torre de oro s.a. de c.v mexico website www.teck.com teck resources limited known as teck cominco until late 2008 is a canadian metals and mining company . canada s largest diversified resources company it was formed from the amalgamation of teck and cominco in 2001 . 3 contents 1 history 2 environmental record 3 references 4 external links history edit cominco started in 1906 as the consolidated mining and smelting company of canada formed by the amalgamation of several units controlled by the canadian pacific railway . cm & s or smelters as it was often called by investors changed its name to cominco in 1966 . cominco s core sullivan mine in kimberley british columbia which began production of lead zinc silver and tin in 1909 would operate for more than 90 years until its ore reserves exhausted in 2001 . teck began as teck hughes gold mines limited in 1913 to develop a gold discovery by prospectors sandy mcintyre and james hughes at kirkland lake ontario . 4 the teck hughes mine would produce for 50 years until 1965 . the beaverdell mine purchased by teck in 1969 went back even further to 1898 and produced silver until 1991 . the association between teck and cominco began in 1986 when teck and two industry partners acquired a shareholding from cp limited and culminated with the merging of the two companies in july 2001 . on may 8 2006 teck cominco offered to purchase inco for 16 billion but cvrd eventually purchased it for 17 billion . on july 29 2008 teck cominco announced an agreement with fording canadian coal trust which owned a 60 % stake in the elk valley coal partnership to purchase 100 % of its assets . teck cominco had been the minority owner of the elk valley coal partnership with a 40 % stake . the facilities are located near fernie british columbia . the purchase was closed on october 30 2008 with a final cost of 14 billion usd . elk valley coal corporation will be renamed teck coal limited . the purchase resulted in teck taking on 9.8 billion usd in debt ; the company has suspended dividends cut spending and is selling some assets to save money . 5 on january 9 2009 the company also announced a plan to cut 13 % of their total workforce amounting to 1 400 jobs saving the company 85 million . coal production targets were also lowered by 20 % in response to declining worldwide demand for steel in the midst of the global financial crisis . 6 teck cominco logo before 2008 rebranding . beginning october 1 2008 teck cominco began rebranding itself as teck . 7 the legal name of the company was changed to teck resources ltd. on 23 april 2009 after being approved by shareholders the previous day . 8 in 2008 its 25 million donation to bc children s hospital foundation earned its name attached to the teck acute care centre expected to complete construction in 2017 . 9 in july 2009 china investment corporation bought a 17 % stake in teck for c 1.74 bn . 10 in 2012 the company announced record earning record profit and record production thus ending the year 2011 with 4.4 billion in cash . besides expanding into energy sector the company was also executing two major projects in chile and planning a 600 million restart of its quintette mine near tumbler ridge british columbia . 11 environmental record edit in the past teck cominco has been criticized and sued for violating environmental laws and standards . teck cominco however has made best in class environmental and social performance a priority of late and is getting recognized for its efforts ; awards for safety reclamation and sustainable development are all available for public scrutiny on their website as is their sustainability report . 12 cominco tank car the company s smelter in trail british columbia was blamed in 2003 for heavily contaminating the columbia river . 13 legal action taken by american citizens living in settlements downriver progressed to the u.s. supreme court and was recently denied certiorari solidifying the appellate court s holding that teck cominco is subject to u.s. jurisdiction even though it is a canadian company . a refinery belonging to teck cominco in trail british columbia was the site of a lead spill into the columbia river on may 28 2008 . 14 the company s red dog mine operation in north western alaska has been ranked by the u.s. environmental protection agency as one of the most polluting facilities in the united states based on output tonnage of toxic waste largely over 99 % in the form of blasted and moved but otherwise unprocessed waste rock from mining operations . 15 16 residents living downstream from the mine recently launched a lawsuit against teck cominco demanding that the red dog mine complies with its environmental obligations and that it pay fines for continuing to violate its water permit requirements . on november 30 2007 the company released the final report of its six year study with the oversight of the alaska department of environmental conservation of risks of dust escaping from traffic along what is officially known as the delong mountain regional transportation system road . the final report incorporates formal comments and input from a wide range of government agencies and stakeholders including local village residents . the risk assessment concludes it is safe to consume subsistence foods in all areas without restrictions . 17 after a long running court case filed by washington state s native american colville confederated tribes over environmental damage from smelter effluents teck resources confessed to polluting the upper reaches of the columbia river for nearly a century . 18 according to reports the teck smelter in the city of trail disposed of hazardous effluent in adjacent river systems between 1896 and 1995 . 18 the colville confederated tribes filed a lawsuit against teck in 2004 claiming the company had dumped 140 000 tons of slag directly into the river polluting the surface water ground water and sediment of the upper columbia river and lake roosevelt with hazardous metals including arsenic cadmium mercury lead copper and zinc . 18 references edit a b c d teck resources 2011 report . 2011 12 31 . company profile for teck cominco ltd tck . retrieved 2011 12 31 . http www.teck.com generic.aspx page teck site diversified mining & portalname tc pain s.a. 1960 . three miles of gold the story of kirkland lake . toronto the ryerson press . p. 29 . bouw brenda . teck cominco cuts dividend spending plan . toronto star canadian press . november 21 2008 . koven peter . teck cominco cuts 1 400 jobs . financial post . january 09 2009 . staff writer . teck scraps cominco brand . toronto star canadian press . october 01 2008 . teck shareholders approve name change to teck resources limited . teck resources press release 09 11 tc . news release teck acute care centre major milestone pdf . bc ministry of health & provincial health services authority . retrieved 9 may 2016 . marketwire.com china investment corporation announces investment in teck resources limited 3 jul 2009 http www.vancouversun.com business teck reports record earnings record revenues record production 6129624 story.html environmental health safety and social responsibility awards presented to teck cominco . . teck cominco . 2008 01 17 . archived from the original on 2007 10 13 . retrieved 2008 01 17 . brown chris 2003 12 15 . a century of slag . cbc news . retrieved 2007 12 31 . lead from teck cominco spilled into columbia river red dog top toxic polluter . siku news . 2007 03 31 . retrieved 2007 12 31 . pollution rankings by facility . scorecard.org staff sounder 2007 12 27 . red dog road study declares subsistence foods safe . the arctic sounder . retrieved 2008 01 17 . dead link a b c teck confesses to a century of us river pollution international mining.com 2012 retrieved 3 october 2012 external links edit company website companies portal v t e s & p tsx 60 companies of canada february 22 2016 agnico eagle mines agrium arc resources bank of montreal barrick gold bce inc. blackberry bombardier brookfield asset management cameco canadian imperial bank of commerce canadian national canadian natural resources canadian pacific canadian tire cenovus energy cgi group constellation software couche tard crescent point energy dollarama eldorado gold emera enbridge encana first quantum minerals franco nevada fortis inc. gildan goldcorp husky energy imperial oil inter pipeline kinross gold loblaw companies magna international manulife financial metro national bank of canada pembina pipeline potashcorp power corporation restaurant brands international rogers communications royal bank of canada saputo scotiabank shaw communications silver wheaton snc lavalin sun life financial suncor energy teck telus thomson reuters toronto dominion bank transcanada valeant weston yamana gold retrieved from https en.wikipedia.org w index.php title teck resources & oldid 729675609 categories s & p tsx 60 indexs & p tsx composite indexcompanies listed on the new york stock exchangecompanies listed on the toronto stock exchangecompanies established in 2001kirkland lakegold mining companies of canadacopper mining companies of canadazinc mining companieshidden categories all articles with dead external linksarticles with dead external links from october 2010 navigation menu personal tools not logged intalkcontributionscreate accountlog in 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