Deals
Teck Starts ‘Quiet Dialogue’ on Selling Some Copper Projects
- CEO says Zafranal and San Nicolas likely first for transaction
- QB3 copper expansion in Chile remains Teck’s ‘best project’
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Teck Resources Ltd., focusing on its massive expansion of the Quebrada Blanca mine in Chile, expects to sell some or all of its stakes in two smaller Latin American copper projects by next year, Chief Executive Officer Don Lindsay says.
The Zafranal and San Nicolas projects could be sold by early 2020, Lindsay said Tuesday on the Vancouver-based company’s first-quarter earnings call. The deliberations are part of a larger internal process to decide which of eight copper projects are worth building, selling or developing with a partner.