Teck Announces Completion of Sale of Fort Hills Interests
February 02 2023 - 4:00PM
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK)
(“Teck”) announced today that it has completed the sale of its
21.3% interest in the Fort Hills Energy Limited Partnership (“Fort
Hills”) to Suncor Energy Inc. (“Suncor”) and TotalEnergies EP
Canada Ltd. (“TotalEnergies”), a subsidiary of TotalEnergies SE.
Teck received aggregate cash proceeds of approximately $1 billion
and does not anticipate any tax payable on the disposition.
About TeckAs one of Canada’s leading mining
companies, Teck is committed to responsible mining and mineral
development with major business units focused on copper, zinc, and
steelmaking coal. Copper, zinc and high-quality steelmaking coal
are required for the transition to a low-carbon world.
Headquartered in Vancouver, Canada, Teck’s shares are listed on the
Toronto Stock Exchange under the symbols TECK.A and TECK.B and the
New York Stock Exchange under the symbol TECK. Learn more about
Teck at www.teck.com or follow @TeckResources.
Investor Contact:Fraser PhillipsSenior Vice
President, Investor Relations and Strategic Analysis
604.699.4621fraser.phillips@teck.com
Media Contact:Chris StannellPublic Relations
Manager604.699.4368chris.stannell@teck.com
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