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Canada's Teck sells coal mine

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.

Canada's Teck sells coal mine Canada's Teck sells coal mine Canada's Teck sells coal mine Canada's Teck sells coal mine Canada's Teck sells coal mine

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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