Deals

Teck Seeks Copper-Mining Acquisition Amid Price Slump

Lock
This article is for subscribers only.

Teck Resources Ltd., Canada’s second-largest mining company, is looking to buy a copper mine as the current slump in prices puts pressure on some rivals to sell.

Teck, which also produces steelmaking coal and zincBloomberg Terminal, is interested in locations with low political risk, Chief Executive Officer Don Lindsay said Tuesday in an interview in Toronto. He declined to comment on specific assets.