Teck sells Hemlo gold stake to Barrick

Vancouver-based Teck Cominco, seeking to sell assets to raise cash for debt repayment, said on Friday Barrick Gold will buy its 50% stake in the Williams and David Bell mines – together the Hemlo operation, in Canada. Barrick owns the balance...

Difficult conditions may last 12, 18 months 'or longer' – Teck's Lindsay

Tough market conditions could persist for another 18 months, “or longer”, Teck Cominco president and CEO Don Lindsay said on Tuesday. According to a transcript posted on the company's website, Lindsay told a conference in New York that the...

Teck may sell gold assets to reduce debt

Diversified miner Teck Cominco will consider selling its gold portfolio to raise cash for paying down its heavy debtload, after the firm bought Fording Canadian Coal Trust last month. Minority interests owned in other projects and firms could...

Pogo mine, US

Name: Pogo mine. Location: Pogo mine is located 145 km south-east of Fairbanks, Alaska, US. Brief history: The Pogo deposit was discovered in 1994 by the Sumitomo companies. In 1997, Teck Cominco secured its interest by signing a joint-venture...