Teck Resources Limited

Teck Resources Limited

July 15, 2009 10:21 ET

Teck Announces Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2009) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today the closing of its previously announced private placement of 101,304,474 Class B subordinate voting shares to an affiliate of China Investment Corporation for proceeds of US$1.5 billion. Teck will apply the net proceeds of the transaction to reduce outstanding bank debt.

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, gold 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 & Strategic Analysis
    (604) 699-4014