Vancouver – Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today the closing of its previously announced private placement of 101,304,474 Class B subordinate voting shares to an affiliate of China Investment Corporation for proceeds of US$1.5 billion. Teck will apply the net proceeds of the transaction to reduce outstanding bank debt.
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, metallurgical coal, zinc, gold 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. Further information about Teck can be found at www.teck.com.