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Canadian miner signs $162.5M deal to expand Chilean copper as-sets
Canada’s miner Teck has signed a deal worth US$162.5 million to acquire a further stake in Compañía Minera Teck Quebrada Blanca S.A., which operates the Quebrada Blanca Phase 2 copper project in Northern Chile, through the pur-chase of Inversiones Mineras S.A.
“This transaction simplifies the ownership and capital structure for QB2, giving Teck additional flexibility with respect to financing op-tions for the project,” Don Lindsay, the president and chief executive of Teck, said in a statement.
Teck says it is listed on the Toronto Stock Exchange (TSX) and the
New York Stock Exchange (NYSE). The company says it is focused on copper, metallurgical coal, zinc, gold and energy.