On Friday, Shares of Teck Resources Ltd USA) NYSE:TCK), lost -9.41% to $6.16.
GOLDCORP and Teck Resources Limited, declared a contract to combine their respective El Morro and Relincho projects, located about 40 kilometres apart in the Huasco Province in the Atacama region of Chile, into a single project.
Teck and Goldcorp will contribute their respective project interests into a 50/50 joint venture. The combined project will have the interim name of Project Corridor.
“Combining these two neighbouring assets is a common sense approach that allows us to consolidate infrastructure to reduce costs, reduce the environmental footprint and provide greater returns over either standalone project,” said Don Lindsay, President and CEO of Teck. “Through Project Corridor, we will work to establish meaningful relationships with the community, Indigenous Peoples and other stakeholders that will assist guide the project’s development and create greater value for all parties.”
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products comprise copper, counting copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates.
Shares of Huntington Bancshares Incorporated NASDAQ:HBAN), declined -1.49% to $10.55, during its last trading session.
Huntington Bancshares Incorporated, will be participating at the Barclays Global Financial Services Conference on September 17, 2015. Mr. Howell “Mac” McCullough, Senior Executive Vice President and CFO, is planned to present to analysts and investors at 2:45 PM ET. Mr. McCullough will discuss business and financial performance and strategies, and the presentation will comprise forward-looking statements.
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services.
Finally, Bank of New York Mellon Corp NYSE:BK), ended its last trade with -2.01% loss, and closed at $38.49.
The funded status of the typical U.S. corporate pension plan declined in August, dropping by 2.5 percentage points to 84.2 percent. While liabilities fell slightly due to widening credit spreads, the decline was driven by a larger drop in asset values, according to BNY Mellon Fiduciary Solutions. Public plans, foundations and endowments also failed to meet targets due to declining asset values.
For the typical U.S. corporate plan, funded status dipped as low as 81.2 percent on August 24 but has since rebounded. Liabilities fell by 0.9 percent during the month, with the Aa Corporate discount rate rising by 9 basis points to 4.44 percent.
Plan liabilities are calculated using the yields of long-term investment grade bonds. Higher yields on these bonds result in lower liabilities.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally.
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