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 CEO...
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