Teck Cominco Limited

Teck Cominco Limited

June 14, 2006 17:35 ET

Teck Cominco Receives U.S. and Canadian Regulatory Clearances

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 14, 2006) - Teck Cominco Limited (TSX:TEK.A)(TSX:TEK.B) announced today that it has received an advance ruling certificate from the Canadian Competition Bureau, and notice from the Federal Trade Commission in the United States confirming early termination of the waiting period under the Hart-Scott-Rodino Act, with respect to Teck Cominco's proposed acquisition of Inco Limited. This constitutes Canadian and United States anti-trust clearance for Teck Cominco's offer to proceed.

Teck Cominco is a diversified mining company, headquartered in Vancouver, Canada. Shares are currently listed on the Toronto Stock Exchange under the symbols TEK.A and TEK.B. 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.

Important Notice

This press release may be deemed to be solicitation material in respect of Teck Cominco's proposed tender offer for the shares of Inco. On May 23, 2006, Teck Cominco filed the following documents with the Securities and Exchange Commission ("SEC") in connection with its offer to purchase all of the outstanding common shares of Inco: (1) a Registration Statement on Form F-10 (containing an offer to purchase and a share takeover bid circular) and (2) a tender offer statement on Schedule T-O.

Investors and shareholders are urged to read the Registration Statement, the Schedule T-O and any other relevant documents filed or that will be filed with the SEC when they become available because they will contain important information about the offer for Inco shares. These documents will be available without charge on the SEC's web site at www.sec.gov and may be obtained without charge from the SEC at telephone number 800-SEC-0330. Free copies of these documents can also be obtained by directing a request to Teck Cominco, 600-200 Burrard Street, Vancouver, British Columbia, Canada, V6C 3L9, attention: Corporate Secretary, by telephone to (604) 687-1117, or by e-mail to: info@teckcominco.com.

Contact Information

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