Ah yes...Sumitomo....now dig just a bit deeper....

I've posted this maybe 3-4 times in the past...but like most everything it just gets forgotten..

Do you all know the relationship between Sumitomo and Teck.....

At this point you must all know who Norman B Keevil is (chairman of the board Teck)...well he owns the majority Teck A shares....the controlling shares.

1 Teck A share = 100 votes

1 Teck B share = 1 vote

Now who owns the Teck A shares....

Temagami Mining owns 73% = 4,300,000 Teck A shares

Caisse de Dépot et Placement du Québec owns 27% = 1,587,600 Teck A shares

Sumitomo Metal Mining owns 25% = 1,469,000 Teck A shares

It gets better when you see who owns Temagami Mining...(notice the relationship with Sumitomo)

Before I give you the answer remember what Keevil has said about Schaft Creek before the power line..

''The richness of Schaft Creek's copper grade is ''pretty dramatic'' Dr.Keevil Jr. says. Despite the high cost, the development date probably would be earlier if there were power in the area, he adds, However hopes for a new BC Hydro plant near the site so far are just that - hopes''

Ok Link between Keevil (Teck) and Sumitomo:

Temagami Mining Company Limited ("Temagami") has informed the Corporation that as at March 1, 2012, it beneficially owned, or exercised direction or control over, directly or indirectly, 4,300,000 Class A common shares (representing 45.97% of the Class A common shares outstanding) and 860,000 Class B subordinate voting shares (representing 0. 0.15% of the Class B subordinate voting shares outstanding) of the Corporation, which shares represent 28.50% of the total votes attached to the combined outstanding Class A common shares and Class B subordinate voting shares.

Keevil Holding Corporation beneficially owns 51% of the outstanding shares of Temagami, and SMM Resources Incorporated ("SMM"), a wholly-owned subsidiary of Sumitomo Metal Mining Co. Ltd. ("Sumitomo"), beneficially owns 49% of the outstanding shares of Temagami.

In addition to the foregoing, SMM has informed the Corporation that as at March 1, 2012, it beneficially owned and exercised direction or control over, directly or indirectly, 1,469,000 Class A common shares and 295,800 Class B subordinate voting shares of the Corporation. Accordingly, SMM exercises voting rights representing 9.73% of the total votes attached to the combined outstanding Class A common shares and Class B subordinate voting shares of the Corporation.