Teck CEO says major M&A speculation "grossly overblown"
posted on
Apr 23, 2013 12:32PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
I'm not sure how/if this references us in any way.
http://ca.finance.yahoo.com/news/teck-ceo-says-major-m-speculation-grossly-overblown-155338473--finance.html
TORONTO (Reuters) - Teck Resources Ltd is not currently planning a major takeover and will be prudent with the use of its balance sheet, the diversified miner's chief executive said on Tuesday.
"There has been a lot of speculation about us pursuing major M&A transactions and I can tell you this is grossly overblown," Teck's Don Lindsay told a conference call with investors.
The Canadian company has been touted as a potential suitor for Rio Tinto Plc's iron ore assets in Eastern Canada.