Well, Mr. Carney has suggested that Teck get off their butt and spend some of that money:

Suncor Energy Inc. and Teck Resources Ltd. lead Canadian companies sitting on record cash reserves, and Bank of Canada Governor Mark Carney wants corporations to invest this “dead money” or pay it in dividends.

Teck Resources has $3.64 billion in cash and marketable securities, with a dividend yield of 2.69%. The world’s second-largest exporter of coal used in steelmaking refinanced at high interest rates in 2009 to replace short-term debt it used for its $13.8 billion takeover of Fording Canadian Coal Trust in 2008.

Capital Needs

Vancouver-based Teck, whose debt rating was cut to junk by Moody’s Investors Service after the Fording transaction, regained its investment-grade rating in 2010. Chris Stannell, spokesman at Teck, declined to comment.

“There are two extremely good reasons why they are holding a lot of cash at this moment,” said Bill Hochmuth, a senior investment-grade debt analyst at Thrivent Financial for Lutherans, which had $75.8 billion under management last year, including Teck bonds. “They have capital needs for expansion plans and given the volatility in the metals industry on a global scale, being conservative is a better way to be.”

--http://business.financialpost.com/2012/08/24/carney-dead-money-warning-targets-suncor-teck/