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Mining company Teck Resources Ltd. says 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 said Friday that...
VANCOUVER, British Columbia – Mining company Teck Resources Ltd. says 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, British Columbia -- Mining company Teck Resources Ltd. says 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.
Teck Resources (TCK) which has been in financial trouble (too much debt) made a strategic play by selling Class B shares for the equivalent US$1.5 Billion. The Vancouver based NYSE listed company is now welcoming China...
Major Canadian mining company, Teck resources, is selling a 17.2 percent stake to China Investment Corp to raise proceeds of C$1.74 bln to help it pay down debt. Author: Reuters Posted: Friday , 03 Jul 2009 Teck Resources...
By Cameron French Reuters Friday, July 3, 2009 http://www.reuters.com/article/marketsNews/idAFN0315307920090703?rpc=44 TORONTO -- Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China...
Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp through a private placement that will raise C$1.74 billion ($1.5 billion) and help the miner pay down debt.
VANCOUVER, B.C. - Cash-strapped mining giant Teck Resources Ltd. (TSX:TCK.B) says it has completed a $1.74 billion private placement designed to lighten its debt load. The Vancouver-based company s...
VANCOUVER, B.C. - Cash-strapped mining giant Teck Resources Ltd. (TSX:TCK.B) says it has completed a $1.74 billion private placement designed to lighten its debt load. The Vancouver-based company s...
VANCOUVER, B.C. - Cash-strapped mining giant Teck Resources Ltd. (TSX:TCK.B) says it has completed a $1.74 billion private placement designed to lighten its debt load. The Vancouver-based company says China Investment Corp....
