Vancouver, BC – Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that it will pay an eligible dividend of $0.30 per share on its outstanding Class A common shares and Class B subordinate voting shares on January 4, 2011, to shareholders of record at the close of business on December 15, 2010. This represents a 50% increase in the semi-annual dividend rate.
“This dividend increase reflects our confidence in our current balance sheet strength and our ability to fund our strong portfolio of growth assets," said Don Lindsay, president and CEO.
Cautionary Statement on Forward-Looking Information
This press release contains forward-looking statements. These forward-looking statements include statements as to management’s expectations with respect to the cash generation capability of the company’s operations, future commodity prices, the company’s ability to fund its growth plans, and the ability of the company to sustain a given dividend rate. These forward-looking statements involve numerous assumptions, risks and uncertainty’s with respect to, among other things, future commodity prices, the results of operations of the company and related matters, and actual results may vary materially.
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. Further information about Teck can be found at: www.teck.com.