http://www.bloomberg.com/news/2012-02-28/zinc-deficit-is-visible-as-mines-set-to-close-teck-ceo-says.html

Lindsay said his company is “working cooperatively” with NovaGold Resources Inc. (NG), which said this month it’s started a process to sell a stake in the Galore Creek copper and gold project in British Columbia. Teck and NovaGold each own 50 percent of the asset. Lindsay declined to comment on whether Teck intends to exercise a right of first refusal on NovaGold’s stake.

‘Good Position’

“We’re in a good position, we can sit and see who shows up,” Lindsay said. “If we like the partner we will say let’s work together. If we don’t like the partner we could pre-empt or we could just do nothing.”

Lindsay said an expansion at its Quebrada Blanca copper mine and development of its Relincho copper project, both in Chile, are “ahead in the queue” of priorities before Galore Creek.

A production decision on Galore Creek is “some time away,” Lindsay said.