17 operations, 6 development projects

We own, or have an interest in 12 mines in Canada, the US, Chile and Peru; a large metallurgical complex; wind power facility, specialty metals - germanium and indium, and exploring for copper, zinc, gold in the Americas, Asia Pacific, Europe and Africa.

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Message: Announces Proposed Pogo Sale
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Announces Proposed Pogo Sale

posted on Apr 30, 2009 02:01AM
Teck Resources Limited
TSX: TCK.A
TSX: TCK.B
NYSE: TCK
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April 30, 2009
Teck Announces Proposed Pogo Sale
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2009) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) today announced that it has entered into a non-binding memorandum of understanding with Sumitomo Metal Mining Co. Ltd. ("SMM") regarding the proposed sale of Teck's 40% interest in the Pogo mine in Alaska for US$245 million subject to adjustment for working capital. SMM holds an indirect 51% interest in Pogo and an affiliate of Sumitomo Corp. holds a 9% interest in Pogo.

The arrangement with SMM follows receipt by Teck of a third-party offer to acquire Teck's interest in Pogo on comparable terms. Completion of the transaction is subject to the negotiation and settlement of a definitive agreement and other customary conditions. Teck expects the transaction to close by the end of the second quarter.
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