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January 31, 2008
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Teck Cominco Comments on Red Dog and Highland Valley
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 31, 2008) - Teck Cominco today responded to market rumours concerning its Red Dog mine and provided updated production guidance for its Highland Valley mine.
Red Dog has applied for a routine permit to raise its tailings dam in a planned lift to increase dam capacity. Contrary to market speculation, there is no immediate issue affecting the tailings dam and Red Dog is operating normally.
In 2008, as part of its mine life extension project, Highland Valley will continue to draw a large proportion of clay-bearing ore from the Lornex pit, which will adversely affect both grades and recoveries. Highland Valley copper production in 2008 is estimated at 113,000 tonnes as opposed to Teck Cominco's prior guidance of 122,000 tonnes.
Teck Cominco is a diversified mining company, headquartered in Vancouver, Canada. 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. The company is a world leader in the production of zinc and metallurgical coal and is also a significant producer of copper, gold and specialty metals. Further information can be found at www.teckcominco.com.
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CONTACT INFORMATION:
Teck Cominco Limited
Greg Waller
Vice President, Investor Relations & Strategic Analysis
(604) 685-3005
Email : greg.waller@teckcominco.com
Website: www.teckcominco.com
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INDUSTRY: Manufacturing and Production - Mining and Metals
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