SOURCE: Industrial Info Resources

February 19, 2009 06:00 ET

Teck Cominco Faces Big Losses From Lower Metals Prices, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 19, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Canadian miner Teck Cominco Limited (NYSE:TCK) (Vancouver, British Columbia) recently announced that $669 million (U.S.) of impairment losses, including $376 million of negative pricing adjustments, resulted in a net loss of $481 million for the fourth quarter of 2008.

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