<SEC-DOCUMENT>0000950142-20-000966.txt : 20200401
<SEC-HEADER>0000950142-20-000966.hdr.sgml : 20200401
<ACCEPTANCE-DATETIME>20200401130056
ACCESSION NUMBER:		0000950142-20-000966
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20200331
FILED AS OF DATE:		20200401
DATE AS OF CHANGE:		20200401

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TECK RESOURCES LTD
		CENTRAL INDEX KEY:			0000886986
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13184
		FILM NUMBER:		20764559

	BUSINESS ADDRESS:	
		STREET 1:		550 BURRARD ST
		STREET 2:		SUITE 3300, BENTALL 5
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 0B3
		BUSINESS PHONE:		604-699-4000

	MAIL ADDRESS:	
		STREET 1:		550 BURRARD ST
		STREET 2:		SUITE 3300, BENTALL 5
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 0B3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TECK COMINCO LTD
		DATE OF NAME CHANGE:	19940623
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>eh2000565_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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  <div style="text-align: center; line-height: 1.25; font-family: Arial;">UNITED STATES</div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial;">SECURITIES AND EXCHANGE COMMISSION</div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial;">Washington, D.C. 20549</div>
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  </div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial, sans-serif; font-size: 12pt; font-weight: bold;">FORM 6-K</div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER</div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial; font-weight: bold;">Pursuant to Rule 13a-16 or 15d-16 of the</div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial; font-weight: bold;">Securities Exchange Act of 1934</div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial,Helvetica,'sans-serif';">Dated:&#160; March 31, 2020</div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial,Helvetica,'sans-serif';"> </div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial,Helvetica,'sans-serif';"> </div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial,Helvetica,'sans-serif';"> </div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial;"> </div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial;">Commission File Number: 001-13184</div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial; font-weight: bold;">TECK RESOURCES LIMITED</div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial;">(Exact name of registrant as specified in its charter)</div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial;">Suite 3300 &#8211; 550 Burrard Street, Vancouver, British Columbia&#160; V6C 0B3</div>
  <div style="text-align: center; line-height: 1.25; font-family: Arial;">(Address of principal executive offices)</div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: Arial;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</div>
  <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: Arial;"> <br>
  </div>
  <div style="text-align: center; line-height: 1.25;"><font style="font-family: Arial;">Form 20-F</font>&#160;<u>&#160;&#160; &#160; &#160;&#160;&#160;</u>&#160;&#160;<font style="font-family: Arial;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Form 40-F <u>&#160;&#160; X&#160; &#160; <br>
      </u></font></div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: Arial;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):<u> &#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160; <br>
  </div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="text-indent: 36pt; line-height: 1.25; font-family: Arial;">Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="text-indent: 36pt; line-height: 1.25; font-family: Arial;">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u>&#160;&#160;</div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="text-indent: 36pt; line-height: 1.25; font-family: Arial;">Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer
    must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's
    securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form
    6-K submission or other Commission filing on EDGAR.</div>
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  <div style="text-align: center; line-height: 1.25; font-family: Arial; font-weight: bold;">SIGNATURE</div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
  <div style="text-align: justify; text-indent: 36pt; line-height: 1.25; font-family: Arial;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
    thereunto duly authorized.</div>
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  </div>
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    <div style="font-family: Arial; text-align: justify; line-height: 1.25;">
      <div style="LINE-HEIGHT: 1.25">&#160;</div>
      <div style="LINE-HEIGHT: 1.25">
        <table style="FONT-SIZE: 10pt; FONT-FAMILY: Arial; WIDTH: 100%; BORDER-COLLAPSE: separate" border="0" cellpadding="0" cellspacing="0">

            <tr>
              <td style="WIDTH: 50%" valign="top">&#160;</td>
              <td colspan="2" valign="top">
                <div style="font-weight: bold; text-align: left; line-height: 1.25;">Teck Resources Limited</div>
                <div style="text-align: left; line-height: 1.25;">(Registrant)</div>
              </td>
              <td style="WIDTH: 10%" valign="top">&#160;</td>
            </tr>
            <tr>
              <td style="WIDTH: 50%" valign="top">&#160;</td>
              <td style="WIDTH: 4%" valign="top">&#160;</td>
              <td style="WIDTH: 30%" valign="top">&#160;</td>
              <td style="WIDTH: 10%" valign="top">&#160;</td>
            </tr>
            <tr>
              <td style="WIDTH: 50%" valign="top">&#160;</td>
              <td style="WIDTH: 4%" valign="top">&#160;</td>
              <td style="WIDTH: 30%" valign="top">&#160;</td>
              <td style="WIDTH: 10%" valign="top">&#160;</td>
            </tr>
            <tr style="HEIGHT: 17px">
              <td style="FONT-FAMILY: Arial, Helvetica, 'sans-serif'; WIDTH: 50%; PADDING-BOTTOM: 2px" align="left" valign="top">
                <div style="text-align: left; margin-left: 0pt; line-height: 1.25; margin-right: 0pt; text-indent: 0pt;"><font style="font-family: Arial,Helvetica,'sans-serif';">Date:</font><font style="font-family: Arial,Helvetica,'sans-serif';">&#160;&#160; April
                    1, 2020</font></div>
              </td>
              <td style="WIDTH: 4%; PADDING-BOTTOM: 2px" valign="top">
                <div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">By: </div>
              </td>
              <td style="font-variant: small-caps; width: 30%; border-bottom: #000000 2px solid; font-weight: normal; font-style: normal;" align="left" nowrap="nowrap" valign="top">/s/&#160;Amanda R. Robinson</td>
              <td style="WIDTH: 10%; PADDING-BOTTOM: 2px" valign="top">&#160;</td>
            </tr>
            <tr>
              <td style="WIDTH: 50%" valign="top">&#160;</td>
              <td style="WIDTH: 4%" valign="top">&#160;</td>
              <td style="WIDTH: 30%" align="left" nowrap="nowrap" valign="bottom">Amanda R. Robinson</td>
              <td style="WIDTH: 10%" valign="top">&#160;</td>
            </tr>
            <tr>
              <td style="WIDTH: 50%" valign="top">&#160;</td>
              <td style="WIDTH: 4%" valign="top">&#160;</td>
              <td style="WIDTH: 30%" valign="top">Corporate Secretary</td>
              <td style="WIDTH: 10%" valign="top">&#160;</td>
            </tr>
            <tr>
              <td style="WIDTH: 50%" valign="top">&#160;</td>
              <td style="WIDTH: 4%" valign="top">&#160;</td>
              <td style="WIDTH: 30%" valign="top">&#160;</td>
              <td style="WIDTH: 10%" valign="top">&#160;</td>
            </tr>

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  </div>
  <div style="text-align: center; text-indent: -180pt; margin-left: 180pt; line-height: 1.25; font-family: Arial; font-weight: bold;">EXHIBIT INDEX</div>
  <div style="line-height: 1.25;"><br style="line-height: 1.25;">
  </div>
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          <div style="line-height: 1.25; font-weight: bold;"><u>Exhibit Number</u></div>
        </td>
        <td style="width: 80%; vertical-align: top;">
          <div style="line-height: 1.25; font-weight: bold;"><u>Description</u></div>
        </td>
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        <td style="width: 15%; vertical-align: top;">&#160;</td>
        <td style="width: 80%; vertical-align: top;">&#160;</td>
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        <td style="width: 15%; vertical-align: top;">
          <div style="line-height: 1.25;">99.1</div>
        </td>
        <td style="width: 80%; vertical-align: top;">
          <div style="line-height: 1.25; font-family: Arial,Helvetica,'sans-serif';"><a href="eh2000565_ex9901.htm">Press Release dated March 31, 2020</a></div>
          <div style="line-height: 1.25; font-family: Arial,Helvetica,'sans-serif';"> </div>
          <div style="line-height: 1.25; font-family: Arial,Helvetica,'sans-serif';"> </div>
          <div style="line-height: 1.25; font-family: Arial,Helvetica,'sans-serif';"> </div>
        </td>
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        <td rowspan="1" style="width: 15%; vertical-align: top;">99.2<br>
        </td>
        <td rowspan="1" style="width: 80%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';"><a href="eh2000565_ex9902.htm"> Press Release dated March 31, 2020</a> </td>
      </tr>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>eh2000565_ex9901.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold; font-family: Arial,Helvetica,'sans-serif';">EXHIBIT 99.1</font><br>
  </div>
  <div><br>
  </div>
  <div>
    <div style="line-height: 1.25;"><img src="header.jpg"></div>
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          <td style="width: 55.75%; vertical-align: top;">
            <div style="line-height: 1.25; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">For Immediate Release</div>
            <div style="line-height: 1.25; font-family: Arial,Helvetica,'sans-serif';">20-22-TR</div>
          </td>
          <td style="width: 7.7%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div style="line-height: 1.25; font-weight: bold;">Date:</div>
          </td>
          <td style="width: 36.56%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div style="line-height: 1.25;">March 31, 2020</div>
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    <div style="line-height: 1.25; font-family: Arial,Helvetica,'sans-serif';">
      <div style="line-height: 1.25;">
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="text-align: center; line-height: 1.25; font-size: 12pt; font-weight: bold;">Teck Announces Updated QB2 Capital Estimate</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">Vancouver, B.C. </font><font style="font-family: Arial,Helvetica,'sans-serif';">&#8211; Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (&#8220;Teck&#8221;) today announced an update to its capital estimate for the Quebrada Blanca Phase 2 (&#8220;QB2&#8221;)
            project.</font></div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;">At sanction in December 2018, the estimated escalated capital cost of the project was US$5.2 billion&#185;.&#160; The updated estimate
          remains at US$5.2 billion&#178;, and the go forward funding requirement from April 1, 2020 is estimated at US$ $3.9 billion&#179;, assuming a CLP/USD rate of 775 over the remainder of the project. After project financing and partner contributions, Teck&#8217;s
          remaining required cash contribution toward project capital is estimated at US$880 million.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;">The revised estimate is based on a schedule that contemplates first production by Q2 2022, and includes a contingency of US$400
          million. At the current spot exchange rate there would be an additional benefit of approximately US$240 million&#8308; for the project. The estimate and schedule do not reflect the impact of the temporary suspension of project construction activities
          announced on March 18, 2020 in response to the COVID-19 pandemic. Further information on the potential impact of the suspension is provided below.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;">Considerable progress has been made across all areas of the project, and many of the highest risk activities are either
          completed or well-advanced. At suspension on March 18, 2020 overall progress on the project had reached 29%. The new capital estimate is based on a detailed review of all aspects of the QB2 project. Cost pressures have been largely offset by the
          depreciation of the Chilean peso.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;">&#8220;This has been a difficult period for the Chilean people as they undertake efforts to slow the spread of COVID-19, which has
          also impacted our people and project,&#8221; said Don Lindsay, President and CEO of Teck. &#8220;Our current focus is the health and safety of the reduced workforce remaining on the project required to maintain the facilities, and on being prepared for a
          rapid restart of construction activities when it is safe to do so.&#8221;</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;">Although construction was proceeding materially in accordance with the planned construction program until the recent suspension,
          several external factors have extended the project schedule by approximately four months and have contributed to increasing costs. These factors include construction delays resulting from social unrest and delays in receiving certain permits and
          other regulatory approvals required for construction. Before the benefit of the weaker Chilean peso, these delays account for about half of the increase in costs. The other half of the cost increases can be attributed primarily to certain
          additional costs for safety and environmental management, additional road construction and maintenance costs, severe weather impacts, and below plan contractor performance during mobilization and ramp up.</div>
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        <div style="text-indent: -13.5pt; margin-left: 13.5pt; line-height: 1.25; font-size: 8pt;">Notes:</div>
        <div>
          <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z997b9ffc10234ab88b9010499e10ce92" cellpadding="0" cellspacing="0">

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                  <div style="line-height: 1.25; font-size: 8pt;">(1)</div>
                </td>
                <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
                  <div style="line-height: 1.25; font-size: 8pt;">US$4.739 billion in constant Q2 2017 dollars plus estimated escalation of US$425 million (a range of US$300 to US$470 million provided in December 4, 2018 press release).
                    On a 100% go forward basis from January 1, 2019 assuming a CLP/USD exchange rate of 625, including escalation and excluding working capital or interest during construction.</div>
                </td>
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        <div>
          <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z5a47375828554ca6b84534dc1fe6f119" cellpadding="0" cellspacing="0">

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                  <div style="line-height: 1.25; font-size: 8pt;">(2)</div>
                </td>
                <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
                  <div style="line-height: 1.25; font-size: 8pt;">On a 100% go forward basis from January 1, 2019 including escalation and excluding working capital or interest during construction using actual realized exchange rates
                    until March 30, 2020 and assuming a CLP/USD exchange rate of 775 from April 1, 2020.</div>
                </td>
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                  <div style="line-height: 1.25; font-size: 8pt;">(3)</div>
                </td>
                <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
                  <div style="line-height: 1.25; font-size: 8pt;">The project is currently being funded through the proceeds from the subscription by Sumitomo Metal Mining Co., Ltd and Sumitomo Corporation (&#8220;SMM and SC&#8221;) for a combined
                    30% interest in the project and a US$2.5 billion project finance facility.&#160; No significant funding is expected to be required from Teck until the first quarter of 2021. Timing of equity contributions from Teck assumes project finance
                    facility and SMM and SC contributions associated with subscription spent before first draw. Thereafter, project finance facility used to fund all capital costs until target debt:capital ratio achieved on a cumulative basis, after which
                    point project finance and equity contributions are made ratably based on this same debt:capital ratio.</div>
                </td>
              </tr>

          </table>
        </div>
        <div>
          <table style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="ze5d95c0297b24e10a1c6b609425c139b" cellpadding="0" cellspacing="0">

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                  <div style="line-height: 1.25; font-size: 8pt;">(4)</div>
                </td>
                <td style="width: auto; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
                  <div style="line-height: 1.25; font-size: 8pt;">Based on an assumed CLP/USD exchange rate of 850 and on the project&#8217;s current estimated CLP/USD exposure.</div>
                </td>
              </tr>

          </table>
        </div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;">Prior to the COVID-19 related suspension, the rate of construction progress was increasing steadily week-on-week, and on track
          to achieve our target rate of +5% per month by Q3 2020. All major contractors were mobilized and the project workforce was approximately 7,800 on site at any time, with a total workforce of 15,000. Numerous construction risks are now behind us
          with camp construction, other temporary facilities and initial earthworks activities completed. Engineering, procurement and contracting activities are approaching 100% and in close out, which also materially reduces cost risk for the balance of
          the project. The new estimate for both capital costs and schedule includes updated material quantities and productivities, together with actual contracts and purchase orders in place. Consequently, we are confident in the updated capital estimate
          and schedule before any impacts related to the COVID-19 suspension.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25; font-weight: bold;">Update on COVID-19 impact</div>
        <div style="line-height: 1.25;">There have been no confirmed cases of COVID-19 associated with QB2 employees or contractors at the work site to date. While
          initially planned for a two-week suspension, project construction activities remain on hold. It is not currently possible to predict when the temporary suspension of construction will be lifted.&#160; Our priorities continue to be the safety of our
          reduced workforce and supporting Chilean efforts to limit transmission of COVID-19.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;">Assuming a 4 week construction suspension period, the impact is estimated to be approximately US$75 to $125 million and a
          schedule delay of up to 8 weeks, including demobilization, suspension and restart impacts. For each additional month of suspension, we estimate an additional impact of approximately US$25-50 million and one month of additional schedule delay. The
          final cost and schedule impact will depend on timing of a partial or full restart of construction activities, and it is possible that remobilization could take longer if the suspension period is significantly protracted.</div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25;">During the suspension of construction we continue to advance procurement, manufacturing and other activities not directly
          related to site construction activities to accelerate future ramp up. Extensive planning continues for a safe and efficient remobilization once the decision to restart partial or full construction is made. Assuming full construction activities
          are restarted in the second quarter, the soonest we would expect first production is mid 2022.</div>
        <div style="background-color: rgb(255, 255, 255); line-height: 1.25;">
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
        </div>
        <div style="background-color: #FFFFFF; line-height: 1.25;">
          <div style="line-height: 1.25; color: rgb(51, 51, 51); font-weight: bold;">Forward-Looking Statements</div>
          <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';">This press
              release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario) (together referred to a
              &#8220;forward-looking statements&#8221;). Forward-looking statements can be identified by the use of words such as &#8220;estimate&#8221;, &#8220;expects&#8221;, &#8220;intends&#8221;, &#8220;is expected&#8221;, &#8220;potential&#8221; or variations of such words and phrases or statements that certain actions,
              events or results &#8220;may&#8221;, &#8220;could&#8221;, </font></div>
          <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">2</font></div>
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          </div>
          <font style="background-color: rgb(255, 255, 255);"> <br>
          </font>
          <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';">&#8220;should&#8221;,
              &#8220;would&#8221;, &#8220;might&#8221; or &#8220;will&#8221; be taken, occur, or be achieved. </font><font style="font-family: Arial,Helvetica,'sans-serif';">The forward-looking statements in this news release include statements regarding: the
              updated capital estimate for the QB2 project and costs related to the project; Teck&#8217;s remaining required contributions toward project capital; timing of first production; expected contingency requirements; project schedule expectations;
              project progress; <font style="background-color: rgb(255, 255, 255);">the duration of the COVID-19 related suspension period; timing of restart of the project, duration of the suspension period</font> and projected impact of the COVID-19
              related construction suspension period; and expectations regarding QB2 activities to be undertaken during suspension of construction. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding:
              timely receipt of permits and other regulatory approvals; foreign exchange rates; inflation rates; construction progress and timing of restart of full construction activities; availability of labour; availability of project finance proceeds;
              performance by contractors, subcontractors and suppliers; there being no material and negative impact to the various contractors, suppliers and subcontractors for the QB2 project relating to COVID-19 or otherwise that would impair their
              ability to provide goods and services as anticipated. The projected capital and schedule estimates do not reflect the impact of the temporary suspension of project construction activities in response to the COVID-19 pandemic.</font></div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;">Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual
            results and performance to be materially different from those expressed or implied by the forward-looking statements. <font style="background-color: rgb(255, 255, 255);">Factors that may cause actual results to vary include, but are not
              limited to: </font>changes in general economic conditions; unanticipated permitting or construction issues, including but not limited to geotechnical or archeological issues, or suspension, withdrawal or lack of availability of permits and
            authorizations; unanticipated geotechnical conditions or other factors affecting the QB2 construction plan and budget including supplier, transportation, logistics or labour issues; adverse weather or natural disaster; community or social
            unrest; disruption of financial markets, including those affecting the project finance lenders, the company or our partners; <font style="background-color: rgb(255, 255, 255);">additional measures imposed by regulatory authorities to implement
              or extend suspension of activities at QB2; measures imposed or undertaken by regulatory authorities or by the company, suppliers, contractors or subcontractors in response to COVID-19 that that might otherwise directly or indirectly affect
              the QB2 project; determination by the company to extend the suspension of construction at QB2 or expand the scope of suspended activities; and difficulties in remobilization and restart of QB2 construction due to various factors, including
              lack of availability of manpower or equipment.</font></div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;"><font style="background-color: #FFFFFF;">Certain of these risks are described in more detail in the annual information form of
              Teck and in its public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this document
              or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.</font></div>
        </div>
        <div style="line-height: 1.25;"><br style="line-height: 1.25;">
        </div>
        <div style="line-height: 1.25; font-weight: bold;">About Teck</div>
        <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);">Teck is a diversified resource
            company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange under the
            symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at&#160;</font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 140, 255);"><u>www.teck.com</u></font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);"><u>&#160;</u></font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);">or follow&#160;</font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 140, 255);"><u>@TeckResources</u></font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);">.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="color: rgb(0, 0, 0); font-weight: normal; font-style: normal;">3</font></div>
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          <div style="line-height: 1.25; margin-top: 12pt; color: #000000; font-family: 'Times New Roman', Times, serif;"><font style="font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">Teck Media Contact:</font><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
            </font><font style="font-family: Arial,Helvetica,'sans-serif';">Chris Stannell<br>
              Public Relations Manager<br>
              604.699.4368</font></div>
          <div style="line-height: 1.25; margin-top: 12pt; color: rgb(0, 139, 255);"><u>chris.stannell@teck.com</u></div>
          <div style="line-height: 1.25; margin-top: 12pt; font-family: 'Times New Roman', Times, serif;"><font style="font-family: Arial,Helvetica,'sans-serif'; font-weight: bold; color: rgb(0, 0, 0);">Teck Investor Contact:</font><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
            </font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);">Fraser Phillips</font><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
            </font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);">Senior Vice President, Investor Relations and Strategic Analysis</font><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
            </font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);">604.699.4621</font><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
            </font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 140, 255);"><u>fraser.phillips@teck.com</u></font></div>
        </div>
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<DOCUMENT>
<TYPE>EX-99.2
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<FILENAME>eh2000565_ex9902.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
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  <div style="text-align: right;"><font style="font-weight: bold; font-family: Arial,Helvetica,'sans-serif';">EXHIBIT 99.2</font><br>
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            <div style="line-height: 1.25; font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">For Immediate Release</div>
            <div style="line-height: 1.25; font-family: Arial,Helvetica,'sans-serif';">20-23-TR</div>
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            <div style="line-height: 1.25; font-weight: bold;">Date:</div>
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          <td style="width: 36.56%; vertical-align: top; font-family: Arial,Helvetica,'sans-serif';">
            <div style="line-height: 1.25;">March 31, 2020</div>
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          <div style="text-align: center; line-height: 1.25; font-size: 12pt; font-weight: bold;">Teck Announces Q1 2020 Update</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">Vancouver, B.C. </font><font style="font-family: Arial,Helvetica,'sans-serif';">&#8211; Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (&#8220;Teck&#8221;) today provided an update on Q1 2020 operations, preventative measures taken with respect to
              COVID-19 and updated its 2020 annual guidance.</font></div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;">&#8220;Notwithstanding the challenges in the month of March related to COVID-19, all of our operations remain in production and our
            steelmaking coal results significantly exceeded guidance,&#8221; said Don Lindsay, President and CEO. &#8220;We remain focused on ensuring we have the necessary measures in place to safeguard the health and safety of our people and communities, while
            maintaining safe operations.&#8221;</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25; font-weight: bold;">Q1 2020 Operations Update</div>
          <div style="line-height: 1.25;">Following a difficult start to the year, results in our Steelmaking Coal Business Unit improved significantly in late February
            and March. First quarter steelmaking coal sales are estimated at 5.6 million tonnes, exceeding our guidance of 4.8 to 5.2 million tonnes. At the same time, based on preliminary results we expect to report adjusted site cost of sales of
            approximately $65 per tonne, well below previous expectations.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;">Finished coal inventories at our mine sites were reduced during the quarter, supporting sales and increasing operational
            flexibility.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;">In spite of a difficult start to the year, our steelmaking coal logistics supply chain performed well for the remainder of the
            quarter, with both CP and CN recovering from early weather-related disruptions and blockades. All three ports also performed well, in particular Westshore Terminals, which had a strong March.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;">Our Neptune facility upgrade continues to advance and major equipment deliveries are on track. We expect the new shiploader,
            stacker/reclaimer, and single dumper replacement to be commissioned around year-end. Completion of construction is still expected in Q1 2021, with the new double dumper expected to be commissioned in Q2 2021. The shutdown at our Elkview
            Operations to complete the plant expansion is also progressing well and we expect completion in mid-April. The Elkview plant is being expanded from a capacity of 7 million tonnes to 9 million tonnes, which will enable us to replace higher cost
            production from our Cardinal River Mine, which produced 1.4 million tonnes in 2019, with lower cost production from Elkview when Cardinal River closes later this year.&#160;Taking into account both the cost savings and the higher average pricing for
            Elkview coal, assuming US$150 benchmark coal pricing and current exchange rates, this should translate to an annual $110 million increase in EBITDA. &#160;&#160;</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
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          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;">The ongoing impacts of the COVID-19 pandemic have the potential to affect both cost and schedule for these projects, and
            although impacts to date have not been material, we continue to monitor progress closely given the level of uncertainty.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;">As previously announced, construction at our Quebrada Blanca Phase 2 (QB2) project was temporarily suspended on March 18. All
            non-essential employees have been safely demobilized. At this time, construction remains suspended.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25; font-weight: bold;">COVID-19 Response</div>
          <div style="line-height: 1.25;">Teck has implemented extensive preventative measures across all offices and operations in order to safeguard the health of our
            employees and local communities, while continuing to operate safely and responsibly maintain employment and economic activity. These measures include enhanced cleaning and disinfecting protocols, eliminating group meetings, reducing occupancy
            on crew buses, screening contractors and visitors, promoting preventative measures like hand washing, requiring employees returning from international travel or showing symptoms to self-isolate, and implementing remote work where possible.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;">As part of our focus on ensuring the health and safety of our employees and communities, we have also implemented a temporary
            slowdown of operations and reduction of crews by up to 50% of regular levels at our steelmaking coal and Highland Valley Copper operations. These measures commenced on March 25 and will be in place for an initial two week period, after which we
            will re-evaluate in light of the evolving situation. All employees available for work will continue to be paid as normal during the initial two-week period.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25; font-weight: bold;">COVID-19 Production Impacts</div>
          <div style="line-height: 1.25;">Impacts from COVID-19 will vary by operation, but production will continue at sites on a reduced basis.</div>
          <div style="line-height: 1.25;">While the reductions at our steelmaking coal operations will vary by mine, total production is expected to be reduced on
            average to approximately 80% to 85% of normal levels during the initial two week period. During this period historically high mine site clean coal inventories are expected to be drawn down to support sales. At Highland Valley Copper, crew
            reductions are expected to reduce production to 80% to 85% of normal levels for the initial two week period.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;">At our Trail Operations we have temporarily reduced the number of employees on site by one third while continuing to operate
            at planned production levels. At Red Dog, production remains at planned levels despite the significant travel restrictions and modified schedules required to maintain safe operations due to the fly-in fly-out nature of the operation. In Peru,
            our Antamina mine continues to operate at full production levels with less than half of the normal workforce. At Carmen de Andacollo in Chile, full production has also been maintained to date with reduced workforce levels.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;">At our QB2 project, after the initial two-week suspension, project construction activities remain on hold. It is not currently
            possible to predict when construction activities will be re-started. For more information on the current status of QB2 please refer to our press release titled &#8220;<font style="font-weight: bold;">Teck Announces Updated QB2 Capital Estimate</font>&#8221;
            issued March 31, 2020.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25;">We are continuing to work with our unions and affected communities and are following the guidance of government and public
            health authorities, and will adapt our response as necessary as this situation continues to evolve.</div>
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            <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: Arial, Helvetica, 'sans-serif'; color: #000000; font-weight: normal; font-style: normal;">2</font></div>
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          </div>
          <div style="line-height: 1.25; font-weight: bold;">2020 Guidance</div>
          <div style="line-height: 1.25;">We have outlined above the immediate impact of these measures on expected production levels at our operations. We are still
            assessing longer term response actions, and our ability to maintain operations at current levels, or potentially to increase staffing levels and production. COVID-19 has the potential to affect both our customers and certain of our suppliers,
            and we are closely monitoring potential impacts on demand for our products, as well as our supply chain. Our operating plans will depend in part on regulatory restrictions that may affect our business, as well as the progress of the pandemic
            generally, and the extent of additional measures, if any, required to protect the health and safety of employees. The actual degree and duration of production slowdowns and/or staff reductions and related costs is unknown at this time. Given
            the high degree of uncertainty associated with the current COVID-19 situation we are suspending our 2020 guidance. We will provide a further update when we report our Q1 2020 financial results.</div>
          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="background-color: #FFFFFF; line-height: 1.25;">
            <div style="line-height: 1.25; font-weight: bold;">Forward looking statements</div>
            <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="background-color: rgb(255, 255, 255); font-family: Arial,Helvetica,'sans-serif';">This
                press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information as defined in the Securities Act (Ontario) (together referred
                to a &#8220;forward-looking statements&#8221;). Forward-looking statements can be identified by the use of words such as &#8220;estimate&#8221;, &#8220;expects&#8221;, &#8220;intends&#8221;, &#8220;is expected&#8221;, &#8220;potential&#8221; or variations of such words and phrases or statements that certain
                actions, events or results &#8220;may&#8221;, &#8220;could&#8221;, &#8220;should&#8221;, &#8220;would&#8221;, &#8220;might&#8221; or &#8220;will&#8221; be taken, occur, or be achieved. </font><font style="font-family: Arial,Helvetica,'sans-serif';">The forward-looking statements in
                this news release include statements regarding: complete of construction and commissioning of the Neptune facility upgrade, the completion of the Elkview plant expansion and the operation of the Elkview plant following the closure of the
                Cardinal River Mine; the potential impacts of COVID -19 on the cost and schedule for those projects; operating restrictions at our steelmaking coal and Highland Valley operations and the associated impacts on production. These statements
                are based on a number of assumptions, including, but not limited to, assumptions regarding: there being no material and negative impact to the various contractors, suppliers and subcontractors for the sites and projects relating to COVID-19
                or otherwise; there being no new regulatory or other restriction affecting our ability to continue operations or construction, whether associated with COVID-19 or otherwise; timely receipt of permits and other regulatory approvals;
                construction progress and timing of restart of full construction activities; availability of labour; and performance by contractors, subcontractors and suppliers.</font></div>
            <div style="line-height: 1.25;"><br style="line-height: 1.25;">
            </div>
            <div style="line-height: 1.25;">Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual
              results and performance to be materially different from those expressed or implied by the forward-looking statements. <font style="background-color: rgb(255, 255, 255);">Factors that may cause actual results to vary include, but are not
                limited to: </font>changes in general economic conditions; labour disruptions; unanticipated permitting or construction issues, or suspension, withdrawal or lack of availability of permits and authorizations; unanticipated factors
              affecting construction plans and budget including supplier, transportation or logistics issues; adverse weather or natural disaster; community or social unrest; disruption of financial markets; <font style="background-color: rgb(255, 255, 255);">additional measures imposed by regulatory authorities to restrict operating activities; measures imposed or undertaken by suppliers, contractors or subcontractors in response to COVID-19 that&#160; might otherwise directly or indirectly
                affect our operations or projects; and additional measures that we may be required to take to protect the health and safety of our employees.</font></div>
            <div style="line-height: 1.25;"><br style="line-height: 1.25;">
            </div>
            <div style="line-height: 1.25;"><font style="background-color: #FFFFFF;">Certain of these risks are described in more detail in the annual information form
                of Teck and in its public filings with Canadian securities administrators and the U.S. Securities and Exchange Commission. Teck does not assume the obligation to revise or update these forward-looking statements after the date of this
                document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.</font></div>
          </div>
          <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: Arial, Helvetica, 'sans-serif'; color: #000000; font-weight: normal; font-style: normal;">3</font></div>
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          <div style="line-height: 1.25;"><br style="line-height: 1.25;">
          </div>
          <div style="line-height: 1.25; font-weight: bold;">About Teck</div>
          <div style="line-height: 1.25; font-family: 'Times New Roman', Times, serif;"><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);">Teck is a diversified
              resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada, its shares are listed on the Toronto Stock Exchange
              under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at&#160;</font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 140, 255);"><u>www.teck.com</u></font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);"><u>&#160;</u></font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);">or follow&#160;</font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 140, 255);"><u>@TeckResources</u></font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);">.</font></div>
          <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif;"><font style="font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;"> <br>
            </font></div>
          <div style="line-height: 1.25; color: #000000; font-family: 'Times New Roman', Times, serif;"><font style="font-family: Arial,Helvetica,'sans-serif'; font-weight: bold;">Teck Media
              Contact:</font><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
            </font><font style="font-family: Arial,Helvetica,'sans-serif';">Chris Stannell<br>
              Public Relations Manager<br>
              604.699.4368</font></div>
          <div style="background-color: #FFFFFF; line-height: 1.25;">
            <div style="line-height: 1.25; color: #008BFF; font-family: Arial, Helvetica, 'sans-serif';"><u>chris.stannell@teck.com</u></div>
            <div style="line-height: 1.25; margin-top: 12pt; font-family: 'Times New Roman', Times, serif;"><font style="font-family: Arial,Helvetica,'sans-serif'; font-weight: bold; color: rgb(0, 0, 0);">Teck Investor Contact:</font><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
              </font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);">Fraser Phillips</font><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
              </font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);">Senior Vice President, Investor Relations and Strategic Analysis</font><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
              </font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 0, 0);">604.699.4621</font><font style="font-family: Arial,Helvetica,'sans-serif';"><br>
              </font><font style="font-family: Arial,Helvetica,'sans-serif'; color: rgb(0, 140, 255);"><u>fraser.phillips@teck.com</u></font></div>
          </div>
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          </div>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
