Teck’s diversified business model poised to drive cash flow, profit as commodities rise

Canada’s largest diversified miner Teck Resources is positioned to benefit from rising commodity prices owing to its exposure to stronger steelmaking coal and zinc markets, as well as from the weaker Canadian dollar. VP of investor relations and strategic analysis Greg Waller told the Deutsche Bank twenty-fourth Annual Leveraged Finance Conference, in Phoenix, Arizona, on Tuesday that the improved direction in key commodity markets held significant upside to Teck’s core profit, as measured by earnings before interest, taxes, depreciation and amortisation (Ebitda).