BRIEF-Teck Resources Announces Sale Of Quintette Assets

Reuters

2022-12-20

Dec 19 (Reuters) - Teck Resources Ltd :

* TECK ANNOUNCES SALE OF QUINTETTE ASSETS

* TECK RESOURCES LTD - HAS AGREED TO SELL TO A SUBSIDIARY OF CONUMA RESOURCES LIMITED ALL ASSETS AND LIABILITIES OF QUINTETTE STEELMAKING COAL MINE

* TECK RESOURCES LTD - CONUMA WILL PAY TECK $120 MILLION IN CASH IN STAGED PAYMENTS OVER NEXT 36 MONTHS

* TECK RESOURCES LTD - CONUMA TO PAY TECK ONGOING 25% NET PROFITS INTEREST ROYALTY

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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