LATIN AMERICA — Cominco Res. completes Quebrada deal

The sale of a 32.5% interest in the Quebrada Blanca copper project in Chile to Teck (TSE) has been completed by Cominco Resources International (TSE).

Cominco Resources, which retains a 10% interest in the project, has received cash payments of $10.4 million and was reimbursed for an additional $2.6 million of project costs.

The project is expected to cost US$360 million. The parent firm of Cominco Resources, Cominco Ltd. (TSE), has a 42.5% interest in the project.