Valley Coal Corporation was renamed Teck Coal Limited. The purchase resulted in Teck taking on US$9.8 billion in debt; the company suspended dividends, cut spending, and sold some assets to save money. On January 9, 2009, the company also announced a plan to cut 13% of their total workforce, amounting to 1,400 jobs, saving the company US$85 million. Coal production targets were also lowered by 20% in response to declining worldwide demand for steel, in the midst of the global financial crisis. Teck Resources (2008-) Beginning October 1, 2008, Teck Cominco began rebranding itself as Teck. The legal name of the company was changed to Teck Resources Ltd. on April 23, 2009, after being approved by shareholders the previous day. In 2008, Teck's $25 million donation to BC Children's Hospital Foundation earned its name attached to the Teck Acute Care Centre expected to complete construction in 2017. In July 2009, China Investment Corporation bought a 17% stake in Teck for C$1.74 billion. In 2012, the Company announced record earning, record profit and record production, thus ending the year 2011 with C$4.4 billion in cash. Besides expanding into the energy sector, the company was also executing two major projects in Chile and planning a C$600 million restart of its Quintette Mine near Tumbler Ridge, British Columbia. In 2021, Teck Resources was ranked no. 60 in the Arctic Environmental Responsibility Index (AERI) that includes 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle in Alaska, Canada, Greenland, Finland, Norway, Russia, and Sweden. Operations and major projects Teck's principal products are steel-making coal, copper, and zinc. , 44% of revenue was from steel-making coal, 34% of revenue was from zinc, and the remaining 21% was from copper. Teck also has interests in oil sands projects in Northern Alberta. Coal In 2018, Teck produced 26.2 million tonnes of coal from six mines in southeastern British Columbia and western Alberta, with most of it exported to countries in the Asia-Pacific region. The coal is transported to ports and destinations in Eastern Canada through rail lines owned by Canadian Pacific. There is one in Alberta—Cardinal River Mine in Hinton, Alberta, and four steelmaking coal operations in British Columbia: Fording River coal mine in Elkford, Elkview Mine in Sparwood, Greenhills Mine in Elkford and Line Creek Mine in Sparwood. In February 2023, the subsidiary is fined more than $16 million for