It is very good news for any major, and for Teck too, imo.  Newmont is up huge on the news. It shows majors that "it pays" to "pay up" for strategic acquisitions.  Newmont paid $400,000,000 for GT and Newmont's SP reaction to the news puts Newmont's market cap UP today by $1,200,000,000 as I write.   Nice triple on your investment in one day Newmont!

Poor Teck, left on the outside again.  Maybe they will learn their lesson finally.  Stop shooting themselves in the foot.  Cutting off their nose to spite their face. Or maybe Don Lindsay is too obsessively putting the screws to and snuffing out a JV partner to notice the great shareholder value that would be had by instead playing fair, paying up, and moving forward.  

The point made here earlier about the timing of this GT acquisition while a impending PEA was to be released... is certainly an interesting one.