This week, Teck Resources Ltd. announced that its Mexican subsidiary has entered into a binding agreement with a subsidiary of Goldcorp Inc. to purchase its 21% minority interest in the San Nicolás project located in Zacatecas, Mexico, for cash consideration of US$50 million. On completion of the transaction Teck will own 100% of the copper-zinc San Nicolás project. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2017.
Headquartered in Vancouver, Canada, Teck is a diversified resource company with major business units focused on copper, steelmaking coal, zinc and energy.
