Deal Snapshot: Teck Cominco Disposes of Stake in Chilean Mine to Cut Debts

Summary


MANAVIGATOR-April 6, 2009-Deal snapshot: TECK COMINCO DISPOSES OF STAKE IN CHILEAN MINE TO CUT DEBTS (C)2010 M2 COMMUNICATIONS http:// www.m2.com

Canadian metal mining group Teck Cominco (TSE:TCK.B) said it will sell its 90% stake in the Andacollo mine in Chile to US precious metals royalties firm Royal Gold (NASDAQ:RGLD) for USD270m (EUR200m) in a bid to cut debts.

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Deal Snapshot: Teck Cominco Disposes of Stake in Chilean Mine to Cut Debts

Country: Chil...

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