🕐06.03.10 - 00:08 Uhr
Teck Announces Waneta Dam Sale Closing
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Teck Resources Limited
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TCK.A
TSX:
TCK.B
NYSE:
TCK
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Recent News
March 5, 2010
Teck Announces Waneta Dam Sale Closing
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2010) - Teck Resources
Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") today announced that the
sale of a one-third interest in the Waneta Dam to BC Hydro for C$825 million
has closed today.
Teck will apply the net proceeds of the transaction along
with US$300 million of cash on hand to reduce the outstanding balance on its
term loan to approximately US$800 million.
Teck's cash balance following the
debt repayment will be approximately C$900 million.
About Teck
Teck is a diversified resource company committed to responsible mining and
mineral development with major business units focused on copper,
metallurgical coal, zinc and energy.
Headquartered in Vancouver, Canada, its
shares are listed on the Toronto Stock Exchange under the symbols TCK.A and
TCK.B and the New York Stock Exchange under the symbol TCK.
Further
information about Teck can be found at www.teck.com.
CONTACT INFORMATION:
Teck Resources Limited
Greg Waller
Vice President Investor Relations and Strategic Analysis
(604) 699-4014
www.teck.com
INDUSTRY: Manufacturing and Production - Mining and Metals
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