Teck Cominco Limited

Teck Cominco Limited

June 14, 2006 15:45 ET

Teck Cominco to List on New York Stock Exchange June 29

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 14, 2006) - Teck Cominco Limited (TSX:TEK.A)(TSX:TEK.B) announced today that it has been authorized to list its Class B subordinate voting shares on the New York Stock Exchange. The listing is expected to become effective on June 29, 2006. The Class B subordinate voting shares will trade on the New York Stock Exchange under the ticker symbol "TCK". On June 29, the symbols for Teck Cominco's Class A common shares and Class B subordinate voting shares on The Toronto Stock Exchange will change to "TCK.A" and "TCK.B" respectively.

Teck Cominco President and Chief Executive Officer, Don Lindsay said: "A New York listing is consistent with our objective of maximizing value for all shareholders. The greater liquidity we expect for the Class B shares and increased visibility for the company in the United States will enhance our ability to execute our strategy."

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.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Ontario Securities Act. Forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variation of such words and phrases or state that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Teck Cominco to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These forward-looking statements include statements as to management's expectations concerning the effect of the proposed listing of the company's shares on the New York Stock Exchange. These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary materially.

These statements are based on a number of assumptions, including, among others, assumptions regarding the level of trading in the company's shares on the New York Stock Exchange. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to differ materially.

Factors that may cause actual results to vary include, but are not limited to: changes in general economic conditions or conditions in the financial markets and other risk factors related to the mining and metals industry generally. Certain of these risks are described in more detail in the annual information form of the company and in its public filings with the SEC and Canadian securities authorities. The company does not assume the obligation to revise or update these forward-looking statements after the date of this document or to revise them to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

Contact Information

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