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Toronto-listed Teck Resources has agreed to sell to a subsidiary of Conuma Resources Limited all the assets and liabilities of the Quintette steelmaking coal mine in north-eastern British Columbia.
Teck keeps new focus on copper
Conuma will pay Teck $120 million in cash in staged payments over the next 36 months, and an ongoing 25% net profits interest royalty, first payable after Conuma recovers its investment in Quintette.
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