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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Teck Resources announces major expansion at Antamina mine in Peru

Posted on 06 January 2010

From Winnipegfreepress.com: Teck Resources Ltd.says it’s fortunate that approval of a US$1.3-billion expansion at its joint-venture Antamina mine comes as its economic situation improves after a year of burdensome debt repayment. The debt-strapped miner sold $1.7 billion in equity to China Investment Corp. for a 17.2 per cent stake in the company last summer.

Compania Minera Antamina, the Peruvian joint venture Teck shares with some of the world’s biggest mining companies, announced Tuesday it will expand its mining and processing operations at the open-pit mine…………………………………….Full Article: Source

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