Referenced Stocks

Market Chatter: Teck Resources in Hunt for Quebrada Blanca Partner; Shares Dip 3.3%

By Midnight Trader,  July 23, 2012, 02:17:10 PM EDT

Canadian mining company Teck Resources ( TCK ) is looking for a new partner for its Quebrada Blanca copper mine as the Hurtado Vicuna family is selling its stake in the mine, La Tercera newspaper reported Monday, citing people familiar with the matter, the Wall Street Journal reported.

The mine, in which state mining company Empresa Nacional de Mineria also holds a stake, is planning a $5.6 billion expansion to increase production.

Teck, however, recently announced it was delaying the expansion project's environmental approval process as it reviews comments regulators made during the application.

TCK shares are down 3.6% to $29.19 but above a day low $28.63.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: TCK



Latest News Video

What Is the Proper Way to Dispose of an American Flag?
What Is the Proper Way to Dispose o...
Community Tries to Pray Strippers Away
Community Tries to Pray Strippers A...
Top 4 Most Iconic Natural Disasters In US History
Top 4 Most Iconic Natural Disasters...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%