Teck Resources Ltd. has received an arbitration ruling that could cut its rail transportation costs by 16% for coal moved from southern British Columbia to the coast. In a decision by a federal arbitrator between a Teck subsidiary and Canadian Pacific Railway, westbound shipments from Teck’s five mines in southeastern ...

In news that was somewhat anticipated, Vancouver-based Teck Resources (TSX: TCK.B) announced today a $1.74-billion private placement by state-owned China Investment Corp. The Chinese investor will purchase, through a wholly owned subsidiary, 101.3 billion Class B subordinate voting shares for $17.21 a share. At the time of this writing, Teck ...