Teck Cominco Limited

Teck Cominco Limited

February 20, 2009 07:30 ET

Teck Announces Sale of Hemlo Mines

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 20, 2009) - Teck Cominco Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that it has agreed to sell to an affiliate of Barrick Gold Corporation Teck's fifty per cent interest in the Williams and David Bell mines for US$65 million. The transaction will have an effective date of January 1, 2009. Closing is subject to customary conditions, including receipt of regulatory approvals and is expected to occur in the second quarter.

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 Cominco Limited - Investor Relations Contact
    Greg Waller
    Vice President, Investor Relations & Strategic Analysis
    (604) 699-4014
    Email: greg.waller@teck.com
    Teck Cominco Limited - Media Contact
    Sarah Goodman
    Director, Corporate Affairs
    (604) 699-4407
    Email: sarah.goodman@teck.com
    Website: www.teck.com