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By Shane Lasley
North of 60 Mining News 

Mining News; Teck seeks buyer for its share of Pogo

In an effort to raise money to pay debt, Teck offers to sell gold assets; acknowledges current discussions with potential buyers

 

Last updated 2/22/2009 at Noon



Burdens of plummeting base metal prices, a restrictive credit market and the need to repay a multi-billion-dollar bridge loan have prompted Teck Cominco Ltd. to move ahead with sales of its gold assets, including its share of the Pogo underground gold mine in Interior Alaska.

During a presentation given at the Macquarie Global Base Metals Outlook Conference 2008 in December, Teck President and...



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