Teck Resources Limited

Teck Resources Limited

February 12, 2010 09:54 ET

Teck Agreement with Westshore on Coal Shipments

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2010) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") today announced that it has agreed with Westshore Terminals Limited Partnership ("Westshore") on terms for the shipment of 3 million tonnes of coal per year from Teck's Elkview, Cheviot and Line Creek mines over the next two years at fixed rates. Under the prior Elkview agreement, which expires on March 31, 2010, port rates varied with the price of coal. Teck and Westshore have also agreed to amend the agreement under which Westshore handles coal for the Fording, Greenhills and Coal Mountain mines. From and after April 1st, 2011 to the end of the term of this contract in 2012, none of Teck's port charges will be linked to the price of coal. In addition to its ongoing use of the Westshore facility, Teck expects to ship additional coal through Neptune Terminals, in which Teck has a 48% interest.

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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