Teck Cominco Limited

Teck Cominco Limited

December 04, 2006 19:20 ET

Teck Cominco Announces Completion of Tahera Transaction

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 4, 2006) - Teck Cominco Limited (TSX:TCK.A)(TSX:TCK.B)(NYSE:TCK) announced today that it has completed its purchase of 30,000,000 common shares and 22,109,757 common share purchase warrants of Tahera Diamond Corporation ("Tahera") for an aggregate subscription price of $30 million, all as previously announced by Tahera on November 15, 2006. As a result of this transaction, Teck Cominco now holds 16% of the issued and outstanding common shares of Tahera on a non-diluted basis, and 24.9% on a fully-diluted basis, assuming exercise of the warrants acquired.

Teck Cominco is a diversified mining company, headquartered in Vancouver, Canada. Its shares are listed on the Toronto Stock Exchange under the symbols TCK.A and TCK.B and on the New York Stock Exchange under the symbol TCK. The company is a world leader in the production of zinc and metallurgical coal and is also a significant producer of copper, gold, indium and other specialty metals. Further information can be found at www.teckcominco.com.

Contact Information

  • Teck Cominco Limited
    Greg Waller
    Vice President, Investor Relations and Strategic Analysis
    (604) 687-1117
    Website: www.teckcominco.com