
VANCOUVER – Teck Resources Limited says it has reached a deal to sell its closed Quintette steelmaking coal mine in northeast British Columbia to Conuma Resources Ltd.
Teck says Conuma Resources will pay $120 million in cash for the mine, plus an ongoing 25 per cent net profits interest royalty payable after Conuma recovers its investment in Quintette.
The Quintette mine is located near Tumbler Ridge, B.C. and was in operation for 18 years, until Teck closed the mine in 2000.
Teck has been managing the mine in a care and maintenance phase since then.
Conuma Resources is a steelmaking coal producer based in northeast B.C. It currently has three mines in operation close to Chetwynd, B.C. and Tumbler Ridge.
The sale is subject to regulatory approval is and is expected to close in the first quarter of 2023.
©2022 THE CANADIAN PRESS
I have read your article carefully and I agree with you very much. This has provided a great help for my thesis writing, and I will seriously improve it. However, I don’t know much about a certain place. Can you help me? https://www.gate.io/fr/signup/XwNAU
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://accounts.binance.com/pt-BR/register?ref=YY80CKRN
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://www.binance.com/ph/register?ref=T7KCZASX
Your article gave me a lot of inspiration, I hope you can explain your point of view in more detail, because I have some doubts, thank you. 20bet