TECK moves into Mongolia !

I agree on the dual share structure. It is to protect the Keevil familie's controlling stake in Teck, and protects it from takeovers.

Anyhow, I don't believe Teck will ever be sold to foreign companies, that window closed with the takeovers of Falconbridge, Inco and Alcan. Today, no government in the western world would allow its main resource companies to be sold out.

Harper was alseep at the wheel.

Teck was too small to acquire Falconbridge or Inco, that's a fact.

When they decided to go ahead with the Fording Coal acquisition, the market expected a share issue to pay the huge prize. But Don Lindsay and Teck managed to avoid one at the bottom, and the share recovered quickly to $10+, where they made an issue to China Investment Corp. to acquire 17% of TCK.B for $1.7B.

Smart management. I like their conservative strategy, it has paid off, and Teck is often cited as top pick for many investment banks.. As mentioned, Teck has moved into oil sands, and it owns the world richest Zinc mine, The Red Dog in Alaska, producing ore with 15%+ Zn.

In addition several Cu-mines, this is how Teck makes money now, and will in the future.

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