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Jonathan Price – CEO of Teck Resources Ltd. (TECK)
Jonathan Price was appointed President and CEO of Teck Resources Ltd. on November 1, 2023, after serving as CEO since September 2022. He joined Teck in October 2020 as Executive Vice President and Chief Financial Officer. Prior to Teck, Price held various leadership roles at BHP, including Chief Transformation Officer, Vice President Finance, and Vice President Investor Relations, working across Asia, Australia, and the UK. He also worked in the Metals and Mining team at ABN AMRO Bank and held production and technical roles with INCO.
📊 Company Overview: Teck Resources Ltd.
| Detail | Info |
|---|---|
| Ticker | TECK (NYSE), TECK.B (TSX) |
| Sector | Basic Materials |
| Industry | Metals & Mining |
| Market Cap | ~$22.5 B (USD) |
| Founded | 1913 |
| Headquarters | Vancouver, British Columbia, Canada |
| Employees | ~13,000 (2023) |
| Key Operations | Copper, Zinc, and Energy |
| 2024 Revenue | C$9.1 billion |
| 2024 Net Income | C$283 million |
Teck Resources is a diversified natural resources company engaged in mining and mineral development, including copper, zinc, and energy. In 2023, Teck sold its steelmaking coal business to a Glencore-led consortium for $9 billion, allowing the company to focus on base metals essential for the energy transition.
👤 CEO Profile: Jonathan Price
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Full Name: Jonathan H. Price
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Nationality: Canadian
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Education:
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Master of Engineering (Honours) in Metallurgy and Materials Science, University of Oxford
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Master of Business Administration, Cardiff University
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Career Highlights:
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Chief Transformation Officer, BHP (2019–2020)
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Vice President Finance and Investor Relations, BHP
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Executive Vice President and CFO, Teck Resources (2020–2022)
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CEO, Teck Resources (2022–present)
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Leadership Focus:
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Sustainability and ESG integration
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Digital transformation in mining operations
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Strategic growth in base metals
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💰 CEO Compensation
| Component | Value (C$) |
|---|---|
| Base Salary | $1.6 million |
| Total Compensation | $10.3 million |
Note: The total compensation reflects a 69.4% increase from the previous year, indicating the company's recognition of Price's leadership during a transformative period. (trendlyne.com)
🏆 Strategic Priorities Under Price
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Copper Expansion: Ramp-up of the Quebrada Blanca Phase 2 (QB2) project in Chile, aiming to double Teck's consolidated copper production.
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Sustainability Initiatives: Implementation of ESG-focused strategies, including the use of renewable energy and desalination at QB2.
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Portfolio Optimization: Divestment of the steelmaking coal business to focus on base metals critical for the energy transition.
🧭 Notable Achievements
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2023: Successfully navigated a $23 billion hostile takeover attempt by Glencore, opting instead to sell the coal business and retain independence.
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2024: Achieved record quarterly copper production in Q4 2023 and continued ramp-up in 2024.
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ESG Leadership: Established 22 agreements with local communities and indigenous groups in Chile, emphasizing responsible mining practices.
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Qayyum Rajan, CFA
Qayyum is the CEO of Wealth Awesome, a leading Canadian personal finance publication. As a CFA charterholder with extensive experience in fintech, data science, and quantitative finance, he brings a unique analytical perspective to investing and wealth management.
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