I was reviewing some of the comments that Don Lindsay made when Teck bought their 50% share of Galore Creek. There was a small article in the Globe back in 2007 where Don was interviewed. (I can't post a link.)

Here are some of the interesting bits that I've re-typed:

...the project fits Teck's strategy of investing in high quality, long-life assets, Teck CEO Don Lindsay said. The company looked at projects around the world before reaching a deal with Nova-Gold, he added.

"Sometimes the grass insn't greener on the other side of the fence," Mr. Lindsay said during the press conference. "Sometimes, it's greener right here at home."

The deal, which will see Teck and NovaGold team up to build the project, also gives Teck a stake in a major project without the risk of getting into a bidding war.

Teck lost a battle for former Canadian nickel producer Inco Ltd. last year and has since been sitting on billions of dollars, hunting for opportunities.

The NovaGold deal, which will see Teck invest about $1.5 billion over all in Galore Creek, "barely makes a dent" in Teck's balance sheet, Mr. Lindsay said.