30.07.2010 - Teck Resources profit drops with currency fluctuation
From Peopledaily.com.cn: Teck Resources Limited, the Canadian base metal producer which received a 1.5-billion- U.S.- dollar-investment from China's Sovereign Wealth Fund last year, reported a 54 percent drop in second-quarter profit Wednesday in comparison to the period a year ago. In a conference call with media, the Vancouver-based producer of coal, zinc and copper, among others, reported a net income of 260 million Canadian dollars (about 268 million U.S. dollars), or 44 Canadian cents a share, down from 570 million Canadian dollars a year ago..............................................Full Article: Source
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