Other companies interested in partnering with Teck include Freeport-McMoRan, China’s Aluminum Corp of China (Chinalco) and Canada’s base metals miner Lundin Mining.
The C$107 million-acquisition ($82m) gives the miner access to the Chidliak diamond project in Canada, which hosts at least 74 kimberlites, eight of which are potentially economic.
Miner is mulling ways to mitigate the impact of Argentine President Mauricio Macri's surprise decision to impose a temporary tax on all exports to strengthen the country’s ailing economy.