Jim Letourneau's Blog

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Teck Tempted to Try Some Buys

Teck Cominco has been flooded with cash from its metal and coal operations. President Donald Lindsay has a particular hankering for copper.

Currently, with these commodity prices, the cash flows are so strong that in actual fact we could do something that is certainly larger than we could have contemplated before and still be in a [net debt-free] position.

Cash-Rich Teck Mulls Bigger Purchases, Eyes Copper
Nicole Mordant of Reuters

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