Teck Resources Ltd. agreed to sell a 17% stake to China Investment Corp. for about 1.74 billion Canadian dollars (US$1.5 billion). The Vancouver, B.C., mining company said it will use proceeds of the share said to reduce bank... [read full story]
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By Daniel Inman | 6 July 2009 China's sovereign wealth fund will pay $1.5 billion to become a long-term passive investor in the Canadian mining company. Canadian mining and processing company Teck Resources on Friday announced...
TORONTO: Teck Resources said on Friday it will sell a 17.2 per cent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China’s portfolio of commodity...
Increases ties with world's top commodity user By Peter Koven, Financial PostJuly 4, 2009 Don Lindsay did not need to take a$1.74-billion cash injection from China Investment Corp. (CIC), the country's official sovereign wealth...
TORONTO - Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China¡¯s portfolio of commodity...
Teck Resources Ltd. agreed to sell a 17% stake to China Investment Corp. for about 1.74 billion Canadian dollars (US$1.5 billion). The Vancouver, B.C., mining company said it will use proceeds of the share said to reduce bank...
By JOHN MORITSUGU Teck Resources Ltd. agreed to sell a 17% stake to China Investment Corp. for about 1.74 billion Canadian dollars (US$1.5 billion). The Vancouver, B.C., mining company said it will use proceeds of the share...
VANCOUVER Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to reduce its debt load. The Vancouver-based company...
VANCOUVER Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to reduce its debt load. The Vancouver-based company...
Donald Lindsay, president and chief executive officer of Teck Resources in his office on Burrard Street in Vancouver. $1.74-billion deal provides cash-strapped Canadian firm with strategic partnership China's unyielding...
By Peter Koven and Eric Lam, Financial PostJuly 3, 2009 Photograph by: Handout photo, Handout photo Teck Resources Ltd. has struck a landmark agreement with a Chinese sovereign wealth fund that will give the company...
