Teck focused on production: CEO

With a slew of commodities hitting record highs, many investors are wondering what’s in store for one of the world’s leading resource companies, Teck Resources. Speaking to BNN, Teck’s CEO Don Lindsay, says in the next five years the company is going to move away from acquiring new assets and focus instead on production.

“In the last five years we were in a phase of acquiring a lot of resources,” he says. “This five year period it’s about converting those resources to production and to cash flow per share.”

Lindsay also says the proposed takeover of the TMX Group by the London Stock Exchange is inevitable.

“If you look in the long-term, we’re going to end up with one big global trading platform of some sort. It’s only a matter of time until that occurs,” he says. “Why would you stand in the way of that?”