As the price of copper continues to trend upwards, Teck Resources has become a major producer with its value-add growth strategy.
However, as the company looks to increase production, it’s faced with challenges. One issue is that most people don’t really understand how gold mining works – and one resource is important for this understanding: supply chain management.
In a recent interview with Proactive Investors, Lindsay spoke about Teck’s potential for growth and how supply chain management ties into that goal. A lot of people look into mining companies and see them as just high cost producers but this is not true for all companies like Teck Resources. One reason for this difference is that Teck Resource has focused on growth projects.
Gold is a very interesting metal because it has many different uses – like building a bridge or part of a turbine. We’ve been able to create many different gold-based products that we can use in almost any industry.
We have created gold-based catalysts, plastics, and alloys — and we are creating the next generation of alloys that are now coming out. All the big brands in the world want to use our materials and processes to make their parts because they work better than what’s available today on the market.
Another aspect for growing production, even more importantly than adding new production sites and advancing technology, is supply chain management (SCM). Supply chain management is the ability to quickly get products and services from one location to another.
The key thing about supply chain management is that there are a lot of elements to it. We have seven different mines and three different smelters in our company so we have multiple sources of materials coming from a lot of places. We also have multiple suppliers in the market for the parts that we need for production. Continue reading this article to learn more about the company and its CEO, Don Lindsay at https://www.marketscreener.com/business-leaders/Donald-Lindsay-8768/biography/