Your recent editorial identifying the “Teck asset selloff” as one of the top stories of 2009 (T. N.M., Jan. 4-10/10) misses the mark on why Teck Resources should be on that list.
To characterize Teck as being a “shadow of its former self in terms of its asset base” is a complete misinterpretation. Teck has announced the sale of approximately 5% of our $30-billion asset base.
The real story of why we should be on this list is how we were able to successfully navigate the credit crisis with our core assets intact, and quickly reduce the debt to allow us to proceed with the excellent organic growth opportunities we have within the company.
I would note that our market capitalization is now greater than $23 billion, and establishes Teck among the 20 most valued companies on the Toronto Stock Exchange.
Greg Waller VP of Investor Relations & Strategic Analysis Teck Resources Vancouver, B.C.
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