Teck chooses Sumitomo to develop Chilean copper project in $1.2B deal

Teck Resources (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada’s largest diversified miner, has chosen Japan’s Sumitomo as partner to go ahead with a planned $4.8 billion expansion of the Quebrada Blanca copper mine in northern Chile. Sumitomo Metal Mining and Sumitomo Corporation will pay $1.2 billion...