(Vancouver) Teck Resources announces it is adopting a new business structure as it transforms into a fully-fledged energy transition metals company.
The company says it now has two regional business units, one for North America and one for Latin America.
President and CEO Jonathan Price says the change simplifies Teck’s operations with a streamlined management team and regional structure, supporting the company’s strategy focused on growing copper demand.
The company also reshuffled its administrative management team under Mr. Price starting in September.
Earlier this summer, Teck successfully completed the sale of its remaining 77% stake in its steelmaking coal business, Elk Valley Resources, to Swiss commodities giant Glencore.
The company seeks to focus on metals considered essential to the global energy transition, such as copper.