VANCOUVER, BRITISH COLUMBIA--(Marketwire -
March 5, 2010) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE:
TCK) ("Teck") today announced that the sale of a one-third interest in the
Waneta Dam to BC Hydro for C$825 million has closed today. Teck will apply the
net proceeds of the transaction along with US$300 million of cash on hand to
reduce the outstanding balance on its term loan to approximately US$800
million. Teck's cash balance following the debt repayment will be approximately
C$900 million.
About Teck
Teck is a diversified resource company committed to responsible mining and
mineral development with major business units focused on copper, metallurgical
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.