07:19:49 EDT Sat 27 Apr 2024
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Barrick Gold Corp
Symbol ABX
Shares Issued 1,755,349,661
Close 2023-04-06 C$ 26.59
Market Cap C$ 46,674,747,486
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Globe says Teck's Keevil wants the best for Canada

2023-04-10 07:53 ET - In the News

See In the News (C-TECK) Teck Resources Ltd

The Globe and Mail reports in its Saturday edition that Peter Munk would be proud of Norman Keevil, the chairman emeritus of Teck Resources -- the last big diversified miner standing in the graveyard of Canadian mining companies. The Globe's Eric Reguly writes that Mr. Keevil is the son of Norman Bell Keevil, the prospector who, over a century ago, used a gold discovery in Northern Ontario to launch what would become an international player with a market value of $30-billion. Being Canadian-controlled, with headquarters on Canadian soil, has always made Mr. Keevil proud, as it did for Barrick founder Munk. At one point during the great hollowing out of Corporate Canada under Prime Minister Stephen Harper, when Falconbridge, Inco, Algoma Steel, Dofasco, Alcan and dozens of other resources and industrial companies were flogged off wholesale to foreign buyers, Mr. Munk charged into The Globe's office to tell the editorial board that the sell-off had gone too far. Fast-forward, and Glencore seems to have underestimated Mr. Keevil's desire to keep Teck in Canadian hands. You could argue that his anti-Glencore stance is simply an effort to coax more from Glencore, but his statements offer no hint of wiggle room.

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