Rochester, NY 8/20/2009 9:07:38 PM
Teck Resources Limited, TCK - Teck Resources Post Possible Andacollo Permitting Delay
Teck Resources Limited
Teck Resources Limited recently announced that challenges to the previously granted permits for the water supply arrangements for its Andacollo copper hypogene project may result in delays to the start-up of the project. Teck is already in dialogue with national and regional authorities to resolve the issue.
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Teck has contingency plans for alternate water supply and is now proceeding with them in case they become necessary. Given the status of the relevant permits, Teck believes that there is now a risk that start-up of the hypogene project will be delayed beyond the current target for first ore through the mill of November 2009.
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