Red Dog Operations

Diversification boosts Teck Cominco (April 28, 2003)

Vancouver — An improved operating performance at the Trail smelter in British Columbia, combined with an 18% jump in the price of bullion, propelled the world’s largest zinc producer to a profit in t…


Black gold offsets red ink for Teck

Vancouver — Low zinc and copper prices, combined with lower production at the company’s refineries, took their toll on Teck Cominco (TEK-T) in the third quarter. However, the diversified miner manage…


High Arctic zinc mine closures signal end of era

Nanisivik, Nunavut — The final zinc and lead concentrate shipments from the High Arctic departed for Europe’s smelters in September, signaling the end of an era for Canadian mining.For more than two …


Plunging power profits hit Teck

Vancouver — Artificially high power prices brought on by an energy shortage in the U.S. battered the bottom line of Teck Cominco (TEK-T) in the second quarter.The world’s largest zinc miner earned $8…


Teck takes hit in Q1

Vancouver — Poor base metal prices coupled with lower profits from power sales at Trail, B.C., substantially cut into Teck Cominco’s (TEK-T) net earnings during the first quarter.The major raked in a…


Compania Minera AntaminaWith commercial production under way at the Antamina copper-zinc mine in Peru (pictured above), Teck Cominco is throttling back zinc production at its Red Dog mine in Alaska, while reducing its refining capacity both in Peru and British Columbia.

Teck Cominco cuts zinc output (February 25, 2002)

Vancouver — Faced with an oversupply of zinc on the world market, Teck Cominco (TEK-T) plans to trim production by 55,000 tonnes in 2002.The Cajamarquilla zinc refinery in Peru, owned 82% by the majo…


Central bank selling pricks ears of producers

The issue of central bank selling resurfaced during the Feb. 13-19 report period, after Germany revealed its intention to unload some of its reserves.On Feb. 19, Bundesbank President Ernst Welteke tol…


Low Metal Prices take toll on Teck

Vancouver — Partly as a result of the merger that gave rise to Teck Cominco (TEK-T), the new entity has posted an after-tax net loss for the year of $21 million (or 17 per share) after asset writedo…


Sullivan sees last shift

Vancouver — After 91 years of production and adding $19 billion to the economy of British Columbia, the Sullivan zinc-lead-silver mine near Kimberley has closed shop.The flagship operation of Cominco…



By March 1970, Cominco's smelter in Trail, B.C., had produced 8 million tons of lead and 7 million tons of zinc, mostly from ore mined at Sullivan.

Remembering the Sullivan mine

When Cominco sent John Hamilton to Kimberley, B.C., in 1976 to work as chief geologist at the Sullivan mine, the province’s mining industry was vibrant. Exploration projects were under way, for which …


Teck’s profit hit by lower prices

A sharp drop in the price of power, combined with downward-spiraling metal prices, had a negative impact on Teck’s (TEK-T) second-quarter results.The company, which, as a result of its recent merger w…


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