Rochester, NY 8/21/2009 8:13:17 PM
Teck Resources Limited TCK, Teck to plans Andacollo copper hypogene project
Teck Resources Limited TCK
Teck Resources Limited 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.
It said that “Teck is in dialogue with national and regional authorities to resolve the issue. Teck has contingency plans for alternate water supply and is now proceeding with them in case they become necessary.”
It added that “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. The length of any delay will depend on the outcome of discussions with authorities and the nature of required changes to Andacollo's water system, if any.”
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