CAPITAL MARKETS

Teck goes all-in for Aus zinc project

Coal, oil sands and zinc miner Teck Resources (CN:TCK) has agreed to purchase the minority stake it does not already own in the Reward zinc project in the Northern Territory, Australia, off Rox Resources (AU:RXL).

Drilling at the Myrtle deposit has delineated a 44Mt resource grading 4.1% Zn and 1% Pb

Drilling at the Myrtle deposit has delineated a 44Mt resource grading 4.1% Zn and 1% Pb

The Canada-based miner exercised its pre-emption right over the 49% stake in Reward, matching a binding proposal worth up to A$20.6 million (US$15.8 million) Rox signed with Marindi Metals (AU:MZN) for...

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