Canadian Mining Journal

News

COPPER-ZINC: Teck buys out San Nicolas partner



MEXICO – Vancouver’s Teck Resources has bought out the 21% of the San Nicolas copper-zinc project owned by Goldcorp, making Teck the sole owner of the project in Zacatecas. Goldcorp will receive US$50 million for its share.

The arrangement allows each company to focus on its strengths – Teck on base metals and Goldcorp on gold.

Information about each company can be found  on their websites, www.Teck.com and www.Goldcorp.com.