| | Published : September 22nd, 2010 | to Partner With Suncor on Wintering Hills Wind Power Project |
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September
22, 2010
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Teck
to Partner With Suncor on Wintering Hills Wind Power Project
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VANCOUVER,
BRITISH COLUMBIA--(Marketwire - Sept. 22, 2010) - Teck Resources
Limited ("Teck", TSX: TCK.A and TCK.B, NYSE: TCK) announced
today that it has signed a Joint Venture agreement with Suncor Energy
Products Inc. to develop the Wintering Hills wind power project. Under
the terms of the agreement, Suncor will own a 70 percent interest and
operate the project and Teck will own the remaining 30 percent. Teck
expects its total investment in connection with the project to be
approximately $66 million.
"Teck is committed to the efficient use of energy and responsible
management of associated greenhouse gas emissions to create a more
sustainable future," said John Thompson, vice president,
Technology and Development at Teck. "We look forward to working
with Suncor, a Canadian pioneer in wind power."
"We're excited about the opportunity to grow our current
renewables portfolio," said Jim Provias, vice president, Renewable
Energy. "Wintering Hills will be Suncor's biggest wind power
project to date and another example of Suncor's ongoing commitment to
increasing renewable energy options in Canada."
The 88 megawatt (MW) Wintering Hills wind power project - which
received regulatory approval from the Alberta Utilities Commission
(AUC) on June 7, 2010 - will consist of 55 General Electric 1.6 MW
turbines located on privately-owned land approximately 21 km south east
of Drumheller, Alberta. Construction on the project began in July and
is expected to be complete by the end of 2011. At peak operation,
Wintering Hills is expected to generate enough clean electricity to
power approximately 35,000 Alberta homes, displacing the equivalent of
approximately 200,000 tonnes of carbon dioxide per year.
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 as defined in the
Securities Act (Ontario). The forward-looking statements in this news
release include statements concerning the expected net proceeds from
the offering of the notes, the closing of the proposed notes, including
the timing thereof, and the intended use of proceeds.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual results,
performance or achievements of Teck to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Factors that may cause actual results to vary
include, but are not limited to, risks relating unexpected expenses
involved in the offering of the notes, closing of Teck's offering of
the notes, conditions in financial markets, investor response to Teck's
tender offer, and other risk factors as detailed from time to time in
Teck's reports filed with Canadian securities administrators and the
U.S. Securities and Exchange Commission. Certain of these risks are
described in more detail in the annual information form of Teck and in
its public filings with Canadian securities administrators and the U.S.
Securities and Exchange Commission. Teck 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.
About Teck Resources
Teck is a diversified resource company committed to responsible mining
and mineral development with major business units focused on copper,
steelmaking coal, zinc and energy. Headquartered in Vancouver, Canada,
its 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. www.teck.com
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CONTACT INFORMATION:
Teck Resources
Limited
Marcia Smith
(604) 699-4616
marcia.smith@teck.com
www.teck.com
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INDUSTRY:
Manufacturing and Production - Mining and Metals
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September
22, 2010
|
Teck
to Partner With Suncor on Wintering Hills Wind Power Project
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VANCOUVER,
BRITISH COLUMBIA--(Marketwire - Sept. 22, 2010) - Teck Resources Limited
("Teck", TSX: TCK.A and TCK.B, NYSE: TCK) announced today that it
has signed a Joint Venture agreement with Suncor Energy Products Inc. to
develop the Wintering Hills wind power project. Under the terms of the
agreement, Suncor will own a 70 percent interest and operate the project
and Teck will own the remaining 30 percent. Teck expects its total
investment in connection with the project to be approximately $66 million.
"Teck is committed to the efficient use of energy and responsible
management of associated greenhouse gas emissions to create a more
sustainable future," said John Thompson, vice president, Technology
and Development at Teck. "We look forward to working with Suncor, a
Canadian pioneer in wind power."
"We're excited about the opportunity to grow our current renewables
portfolio," said Jim Provias, vice president, Renewable Energy.
"Wintering Hills will be Suncor's biggest wind power project to date
and another example of Suncor's ongoing commitment to increasing renewable
energy options in Canada."
The 88 megawatt (MW) Wintering Hills wind power project - which received
regulatory approval from the Alberta Utilities Commission (AUC) on June 7,
2010 - will consist of 55 General Electric 1.6 MW turbines located on
privately-owned land approximately 21 km south east of Drumheller, Alberta.
Construction on the project began in July and is expected to be complete by
the end of 2011. At peak operation, Wintering Hills is expected to generate
enough clean electricity to power approximately 35,000 Alberta homes,
displacing the equivalent of approximately 200,000 tonnes of carbon dioxide
per year.
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 as defined in the Securities Act
(Ontario). The forward-looking statements in this news release include
statements concerning the expected net proceeds from the offering of the
notes, the closing of the proposed notes, including the timing thereof, and
the intended use of proceeds.
Forward-looking statements involve known and unknown risks, uncertainties
and other factors, which may cause the actual results, performance or
achievements of Teck to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking
statements. Factors that may cause actual results to vary include, but are
not limited to, risks relating unexpected expenses involved in the offering
of the notes, closing of Teck's offering of the notes, conditions in
financial markets, investor response to Teck's tender offer, and other risk
factors as detailed from time to time in Teck's reports filed with Canadian
securities administrators and the U.S. Securities and Exchange Commission.
Certain of these risks are described in more detail in the annual
information form of Teck and in its public filings with Canadian securities
administrators and the U.S. Securities and Exchange Commission. Teck 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.
About Teck Resources
Teck is a diversified resource company committed to responsible mining and
mineral development with major business units focused on copper, steelmaking
coal, zinc and energy. Headquartered in Vancouver, Canada, its 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. www.teck.com
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CONTACT INFORMATION:
Teck Resources
Limited
Marcia Smith
(604) 699-4616
marcia.smith@teck.com
www.teck.com
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INDUSTRY:
Manufacturing and Production - Mining and Metals
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Teck Resources Limited
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PRODUCER |
CODE : TCK |
ISIN : CA8787422044 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Teck is a producing company based in Canada. Teck produces coal, copper, gold, lead, molybdenum, silver and zinc in Canada, in Chile, in El Salvador and in Peru, develops copper, gold, lead, molybdenum, silver and zinc in Australia, in Canada, in Mexico, in Panama and in Turkey, and holds various exploration projects in Argentina, in Australia, in Burkina Faso, in Canada, in Chile, in China, in Guyana, in Honduras, in Mexico, in Peru and in Turkey. Its main assets in production are HEMLO, RED DOG, DUCK POND, BOUNDARY - CARAMELIA, WILLIAMS, ELKVIEW COAL MINE (BALMER MINE), HIGHLAND VALLEY, WILLIAMS UNDERGROUND, DAVID BELL and WILLIAMS OPEN PIT in Canada, COLQUIJIRCA MINE, PEND OREILLE, ANTAMINA ZINC ORE and ANTAMINA in Peru, QUEBRADA BLANCA - HYPOGENE, HORN SILVER COMPLEX (SAN FRANCISCO), ANDACOLLO, QUEBRADA BLANCA MINE, CARMEN DE ANDACOLLO and ANDACOLLO HYPOGENE in Chile and SAN SEBASTIAN in El Salvador, its main assets in development are LENNARD SHELF and LENNARD SHELF in Australia, CERATTEPE in Turkey, EL LIMON and POGO in Mexico, GALORE CREEK in Canada and PETAQUILLA and PETAQUILLA COPPER in Panama and its main exploration properties are PORACOTA, PICOTA and SILVER CLOUD in Peru, TAVSAN and ALTINTEPE in Turkey, AURBEL, BEACON NORTH, MAINSTREET, MERIDIAN, FUSE WEST, ADEL, MOUNT PLEASANT, PICKLE CROW, LOUVICOURT, HOMESTAKE RIDGE, GALORE CREEK - COPPER CANYON, KUDZ ZE KAYAH, FORDING RIVER, GREENHILLS, COAL MOUNTAIN, LINE CREEK, CARDINAL RIVER, SULLIVAN MINE, POLARIS MINE and AURBEL (DUMONT MINE) in Canada, LOS VERDES, MORELOS and LA VERDE PROJECT in Mexico, VREDELUS in Namibia, STONEPARK (LIMERICK) in Ireland, APOLLO HILL in Australia and TRUN in Bulgaria. Teck is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 19.6 billions as of today (€ 17.2 billions). Its stock quote reached its lowest recent point on June 26, 2020 at US$ 10.00, and its highest recent level on January 14, 2022 at US$ 33.98. Teck has 576 419 968 shares outstanding. |
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6/28/2007 | Announces Fort Hills Design Basis Approval |
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