Since 1913 when Teck Resources Limited was founded, it has been an extremely successful company, holding the title of Canada's largest diversified resource company. Teck Resources Limited is a mining company that sells important minerals and metals such as copper and zinc. This company is dedicated to giving people essential products sustainably and has worked hard for an immense time. Although this company has had a long line of success, in the recent years Teck Resources Limited has not been at its best. In fact, from 2010-2014 their overall decrease in stock value is 66%. As their shares continue to tumble downhill, Teck Resources Limited, Canada's best resource company may no longer last. Teck Resources has been so successful that it …show more content…
There are very few options as they must work around the problem, because there isn't a way for them to fix an economic downfall. Well what are some possible solutions that would easily get the company back and hold its reputation. The first solution is to just simply find a new importer. All they need to do is find a buyer looking for the metals and minerals that they sell, other than China. This would easily expand their business and get other buyers also interested and once China's economy starts going again they will make up for all of the money they couldn't get at the time. At the same time they would run into more competition and can risk being in another stock market crash. A second possible solution is expand their product range. New products would interest other buyers and may even sell better than their old products, but along with that they may have a hard time with mining so many more products than usual resulting in them not having as much of each products and they will have to invest into more employees. They may also loose money in investing into more expensive minerals in demand. The final possible solution for them is to save up and buy another company, this would offer them a lot of success from the other company, give them a larger variety of products and even open up their own business. With every pro, there is a con, and in this case the con is that this plan is time consuming and overall expensive. As you can see, it is possible for them to help themselves and get their company going