China Investment Corp Updates Teck Resources Stake

TL;DR

**China Investment Corp still holds Teck Resources shares, signaling stability.**

AI Summary

China Investment Corp, a state-owned investment fund, filed an amendment to its Schedule 13G, indicating its ownership of Teck Resources Ltd's Class B Subordinate Voting Shares as of December 31, 2023. This filing, an amendment number 3, updates their previous disclosures, confirming their continued significant stake in the Canadian mining company. This matters to investors because China Investment Corp is a major shareholder, and their continued holding signals confidence in Teck Resources' long-term prospects, potentially influencing market perception and stability.

Why It Matters

This filing confirms a major state-owned entity, China Investment Corp, maintains a significant investment in Teck Resources, which can be seen as a vote of confidence in the company's future.

Risk Assessment

Risk Level: low — The filing is an amendment confirming an existing stake, not a new acquisition or divestiture, indicating stability rather than immediate risk.

Analyst Insight

Investors should note that a major institutional investor like China Investment Corp continues to hold a stake in Teck Resources, which could be a positive long-term signal, but this filing itself doesn't indicate any new buying or selling activity.

Key Players & Entities

• China Investment Corp (company) — filer of the SC 13G/A amendment
• Teck Resources Ltd (company) — subject company whose shares are being reported
• FULLBLOOM INVESTMENT CORP (company) — listed as a group member in the filing
• December 31, 2023 (date) — date of the event requiring the filing
• Class B Subordinate Voting Shares (company) — type of securities held by China Investment Corp
• 878742204 (number) — CUSIP Number for the securities

FAQ

Filing Documents

• dp205326_sc13ga3.htm (SC 13G/A) — 47KB
• 0000950103-24-001551.txt ( ) — 49KB

(a) Name of Issuer

Item 1(a) Name of Issuer Teck Resources Limited (the “Issuer”)

(b) Address of Issuer’s Principal Executive Offices

Item 1(b) Address of Issuer’s Principal Executive Offices Suite 3300 – 550 Burrard Street Vancouver, British Columbia, V6C 0B3 Canada

(a) Name of Persons Filing

Item 2(a) Name of Persons Filing China Investment Corporation (“CIC”) Fullbloom Investment Corporation (“Fullbloom”)

(b) Address of Principal Business Office or, if none, Residence

Item 2(b) Address of Principal Business Office or, if none, Residence The address of CIC is as follows: New Poly Plaza No. 1 Chaoyangmen Beidajie Dongcheng District Beijing 100010 People’s Republic of China The address of Fullbloom is as follows: Room 1710-B, New Poly Plaza No. 1 Chaoyangmen Beidajie Dongcheng Beijing 100010 People’s Republic of China

(c) Citizenship

Item 2(c) Citizenship CIC is established under the Company Law of the People’s Republic of China. Fullbloom is established under the Company Law of the People’s Republic of China.

(d) Title of Class of Securities

Item 2(d) Title of Class of Securities Class B Subordinate Voting Shares (“Class B Shares”)

(e) CUSIP Number

Item 2(e) CUSIP Number 878742204

f this statement in filed pursuant to §§240.13d-1(b),

Item 3If this statement in filed pursuant to §§240.13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Not applicable

Ownership

Item 4 Ownership The securities being reported are held by Fullbloom, which is controlled by CIC. CIC is a wholly state-owned company incorporated under the Company Law of the People’s Republic of China. Reporting Person Amount Beneficially Owned Percent of Class (1) CIC 46,638,771 9.1% Fullbloom 46,638,771 9.1% Reporting Person Voting Power Dispositive Power Sole Shared Sole Shared CIC 0 46,638,771 0 46,638,771 Fullbloom 0 46,638,771 0 46,638,771 (1) Calculations are based on 512,316,533 Class B Shares issued and outstanding as of November 15, 2023, as reported in Exhibit 99.1 to the Form 6-K furnished by the Issuer to the U.S. Securities and Exchange Commission on November 20, 2023.

Ownership of Five Percent or Less of a Class

Item 5 Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ].

Ownership of More than Five Percent on Behalf of Another Person

Item 6 Ownership of More than Five Percent on Behalf of Another Person Not applicable. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company Not applicable.

Identification and Classification of Members of the Group

Item 8 Identification and Classification of Members of the Group Not applicable.

otice of Dissolution of Group

Item 9Notice of Dissolution of Group Not applicable.

Certifications

Item 10 Certifications By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Exhibit Index Exhibit A Joint Filing Agreement (incorporated by reference to Exhibit A to the Schedule 13G filed with the Securities and Exchange Commission by the reporting persons on July 24, 2009). Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as of February 1, 2024. CHINA INVESTMENT CORPORATION By: /s/ PENG, Chun Name: PENG, Chun Title: Chairman & Chief Executive Officer FULLBLOOM INVESTMENT CORPORATION By: /s/ GUO, Xiangjun Name: GUO, Xiangjun Title: Executive Director & President

View Full Filing

View this SC 13G/A filing on SEC EDGAR