Teck Delays Chilean Copper Project on Low Prices

Base Metals Investing

Bloomberg reported that Teck Resources (TSX:TCK.B,TSX:TCK.A,NYSE:TCK,OTCMKTS:TCKRF) announced that they have delayed development at the Quebrada Blanca copper mine due to a drop in copper prices.

Bloomberg reported that Teck Resources (TSX:TCK.B,TSX:TCK.A,NYSE:TCK,OTCMKTS:TCKRF) announced that they have delayed development at the Quebrada Blanca copper mine due to a drop in copper prices.

As quoted in the market report:

Development at the Quebrada Blanca Phase 2 copper project has also been slowed by issues with environmental permitting and construction will now start in 2016 at the earliest.

To view the whole Bloomberg report, click here.

The Conversation (0)
×