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| RATIOS & INDEXES |
| Gold / Silver | 61,30 |
| Gold / Oil | 14,42 |
| Dowjones / Gold | 11,11 |
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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
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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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| Dans les médias de Teck Resources Limited |
| 04/04/2013 | Teck takes delivery of two new shovel monitoring systems |
| 17/12/2012 | Teck Trail Smelter Superfund decision blow for Canadian/U.S.... |
| 25/10/2012 | Steel coal price slump hits Teck earnings hard |
| 20/09/2012 | BMT WBM wins shovel payload monitoring system order from Tec... |
| 04/06/2012 | Teck reaches tentative deal with United Steelworkers |
| 28/02/2012 | Concerns about China's economy slowdown overblown- Teck |
| 18/02/2012 | Teck to shuffle $1bn debt, shave $55m off interest |
| 27/10/2011 | Teck ups dividend 33% |
| 29/07/2011 | Novagold, Teck release $5.2Bn Galore Creek prefeasibility st... |
| 20/04/2011 | Teck rises on earnings, outlook |
| 16/04/2011 | Teck studies further expansion at Andacollo |
| 08/04/2011 | Teck resumes output at Elkview after workers Ok contract dea... |
| 22/03/2011 | Elkview coal mine employees reject labour contact - Teck Res... |
| 21/03/2011 | Elkview work stoppage to continue – Teck |
| 15/03/2011 | Teck reports tentative deal with striking Elkview workers |
| 05/03/2011 | Teck inks new coal handling deal with Westshore |
| 18/11/2010 | Teck Resources to raise dividend 50% |
| 12/10/2010 | Teck sees copper mine output up more than 400,000 tonnes in ... |
| 10/08/2010 | Teck announces $800m note buy-back offer |
| 04/08/2010 | Teck to buy back notes, issue new debt |
| 28/07/2010 | Teck's Greenhills Mine explosion won't hurt 3Q or 2010 resul... |
| 16/07/2010 | Teck still unsure of impact, cause of mine blast |
| 29/06/2010 | Reports explosion at Greenhills coal mine |
| 09/06/2010 | Metal demand still steady despite sell off - Teck CEO |
| 21/05/2010 | Teck decides to prolong Red Dog mine life with Aqqaluk devel... |
| 06/04/2010 | Fitch assigns stable outlook to Teck, despite Red Dog mine i... |
| 01/04/2010 | Teck Resources term debt nearly paid off - CEO |
| 11/03/2010 | Is Carrapateena on the auction block? |
| 17/02/2010 | Teck's Red Dog operations uncertain after latest appeal |
| 12/02/2010 | Teck signs fixed-rate port agreement with Westshore |
| 10/02/2010 | Teck comes roaring back in 2009 with second highest earnings... |
| 10/02/2010 | Red Dog permit concerns hang over Teck |
| 09/02/2010 | Teck may grow copper output 40% by 2012, sees deficit in med... |
| 09/02/2010 | Iron-ore would make sense for Teck, but not likely anytime s... |
| 09/02/2010 | Teck comes roaring back in 2009 with second highest earnings... |
| 09/02/2010 | Teck earned C$411m in Q4, helped by base metals |
| 05/02/2010 | Sale of Waneta Dam stake approved |
| 16/01/2010 | Appeal filed against Teck's Red Dog water permit |
| 06/01/2010 | Alamos completes acquisitions from Teck, Fronteer |
| 25/11/2009 | Teck debt levels helped by Chinese coal import ten-fold incr... |
| 18/11/2009 | Teck closes in on debt targets |
| 17/11/2009 | Junior buys Teck's Morelos gold project |
| 30/10/2009 | Teck's profits jump 44% on coal sales and forex gains |
| 30/10/2009 | No more asset sale plans - Teck |
| 29/10/2009 | Debt paydown still top priority for Teck |
| 29/10/2009 | Teck's profits jump 44% on coal sales and forex gains |
| 29/10/2009 | Teck Q3 profit up 44% |
| 19/10/2009 | Teck says Red Dog mine expansion on track |
| 24/09/2009 | Teck finds buyer for Turkish gold assets |
| 31/08/2009 | Teck Resources still positive on Indium production |
| 13/08/2009 | Teck warns Andacollo project may face delay |
| 07/08/2009 | Teck sells Mexican gold project interest for $150 million |
| 23/07/2009 | Despite $8.9b total debt, Teck reports ‘substantial progress... |
| 23/07/2009 | Teck Resources Q2 operating profit tumbles |
| 23/07/2009 | Despite $8.9b total debt, Teck reports ‘substantial progress... |
| 08/07/2009 | Teck closes sale of Pogo stake |
| 06/07/2009 | Teck clinches deals on BC coal rail shipments |
| 03/07/2009 | Prospective partners woo Teck for stake in coal unit |
| 03/07/2009 | China Investment Corp buys 17.4% of Teck |
| 03/07/2009 | Teck announces C$1,74bn placement to China Investment Corp |
| 22/06/2009 | Teck expects '09 coal sales will be at 'upper end' of guidan... |
| 22/06/2009 | Teck ups '09 coal sales guidance, citing ‘significant' Chine... |
| 18/06/2009 | Teck enters agreement to sell Waneta Dam stake |
| 04/06/2009 | Teck in talks to sell coal stake, eyes Chinese steel consoli... |
| 07/05/2009 | Teck Resources to pay down $603m loan this year |
| 05/05/2009 | Teck will sell $4,2bn of notes, almost wipe out bridge loan |
| 05/05/2009 | Citing reduced risk, S&P takes Teck off CreditWatch negative |
| 04/05/2009 | Teck plans to sell senior secured notes |
| 30/04/2009 | Teck will get $245m for Pogo stake |
| 23/04/2009 | Teck Cominco's Bandwagon Starting to Fill Up Again |
| 22/04/2009 | Teck secures reprieve from $5.2b loan payment due in October |
| 22/04/2009 | Teck Cominco Limited Q1 2009 Earnings Call Transcript |
| 22/04/2009 | Teck Cominco gets loan extension, stock soars, still seeking... |
| 12/04/2009 | Teck Cominco Unloads Kinross Shares |
| 09/04/2009 | Teck Cominco completes 2nd deal in week to cut debt |
| 09/04/2009 | More Assets Sales To Come From Teck Cominco |
| 06/04/2009 | partner sells Andacollo mine interest |
| 06/04/2009 | UPDATE 1-Teck Cominco to sell 90 pct stake in Andacollo mine |
| 18/02/2009 | reports $607m 4Q08 loss, may consider selling Fording Coal s... |
| 04/02/2009 | will need to make cherished asset sales to clear debt |
| 21/11/2008 | to sell assets to drive down debt |
| 21/11/2008 | to sell assets to drive down debt |
| 15/11/2008 | looking to gold asset sales, cashflow and big tax break to r... |
| 05/07/2008 | Duluth Complex: A World-Class Value Play |
| 15/04/2008 | Acquire Global Copper Corp. |
| 13/02/2008 | Low prices, strong currency, write-downs take a big chunk ou... |
| 31/01/2008 | Comments on Red Dog and Highland Valley |
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| Rapports annuels de Teck Resources Limited |
| Financements de Teck Resources Limited |
| Attributions d'options de Teck Resources Limited |
| Nominations de Teck Resources Limited |
| Rapports Financiers de Teck Resources Limited |
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| Projets de Teck Resources Limited |
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| Communiqués de Presse de Teck Resources Limited |
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