Teck Delays Chilean Copper Project on Low 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.