China Investment sells some shares in Teck Resources
China investment corporation (CIC) said on Tuesday its wholly-owned subsidiary, Fullbloom Investment Corporation, sold some of its shares in Teck Resources Ltd.
The company sold 3,000 Class B subordinate voting shares for gross proceeds of nearly C$169,000 ($127,720.68) at about C$56.30 apiece, CIC said.
CIC said the transaction was undertaken to adjust its portfolio.
Fullbloom now holds 50.8 million of Class B shares of Teck, or about 9.895% of the issued and outstanding Class B Shares.
($1 = 1.3232 Canadian dollars)
(By Shubhendu Deshmukh; Editing by Krishna Chandra Eluri)
More News
Resouro boosts titanium resource by 37% at Tiros project in Brazil
Total resources are now 1,400 Mt1 at 12% TiO₂ and 4,000 ppm TREO, the company said.
April 09, 2025 | 04:37 pm
Prime Minister Mark Carney vows to speed permits, make Canada energy superpower
The Liberal Party leader said at a campaign stop in Calgary that his government would create a Major Federal Project Office with a “one project, one review” mandate.
April 09, 2025 | 03:34 pm
Peru mining chamber sees copper output up 2-4% this year
That would put Peru's copper production between 2.79 million and 2.85 million metric tons.
April 09, 2025 | 02:53 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments