Teck announces sale of quintette assets

Vancouver, british columbia, dec. 19, 2022 (globe newswire) -- teck resources limited (tsx: teck.a and teck.b, nyse: teck) (“teck”) announced today that it has agreed to sell to a subsidiary of conuma resources limited (“conuma”) all the assets and liabilities of the quintette steelmaking coal mine in north-eastern british columbia. conuma will pay teck $120 million in cash in staged payments over the next 36 months, and an ongoing 25% net profits interest royalty, first payable after conuma recovers its investment in quintette.
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