Teck Resources Limited

Teck Resources Limited

March 05, 2010 14:29 ET

Teck Announces Waneta Dam Sale Closing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2010) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") today announced that the sale of a one-third interest in the Waneta Dam to BC Hydro for C$825 million has closed today. Teck will apply the net proceeds of the transaction along with US$300 million of cash on hand to reduce the outstanding balance on its term loan to approximately US$800 million. Teck's cash balance following the debt repayment will be approximately C$900 million.

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 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.

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