Teck continues to sell assets to reduce debt – now Pogo goes
Teck Resources has entered into a non-binding memorandum of understanding with Sumitomo Metal Mining (SMM) for the proposed sale of Teck’s 40% interest in the Pogo mine in Alaska for $245 million subject to adjustment for working capital. SMM holds an indirect 51% interest in Pogo and an affiliate of Sumitomo Corp holds a 9% interest in Pogo. (more…)
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