Line Creek Data
Teck to Acquire 100% of Teena/Reward Zinc Project 2016-10-19
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 18, 2016) - Teck Resources Limited ("Teck", TSX: TCK.A and TCK.B, NYSE: TCK) announced today that a wholly owned subsidiary has exercised a right of first refusal to acquire the 49% interest held by Rox Resources Limited ("Rox")(ASX:RXL) in the Teena/Reward zinc project, which is already subject to Teck's right to earn an additional 19% interest. The consideration will consist of AUD$10.6 million in cash (or AUD$8.0 million in cash and AUD$3.6 million in freely trading securities) payable on closing, a three year AUD$5.25 million interest bearing promissory note, and a further AUD$3.75 million in cash payable on the earlier of six years from the closing date or completion of a bankable feasibility study for the project. Closing of the transaction is subject to customary conditions, including definitive documentation. On closing, Teck will hold a 100% interest in the Teena project.
ASX: Rox Rewarded with up to $20.6 Million for Zinc Project Sale 2016-10-18
Kiska Regains Control of the Kliyul Project 2016-10-04
VANCOUVER, BC--(Marketwired - October 04, 2016) - Kiska Metals Corporation (
TSX VENTURE: KSK) ("Kiska" or the "Company") announces that it has regained control of its 100% interest in the Kliyul Project. This is the result of Teck Resources Limited ("Teck") notifying the Company that it is terminating the Kliyul Participation Agreement dated September 30, 2013 ("Agreement"). Under the terms of the Agreement, Teck completed IP geophysical surveys, archeological surveys, baseline water quality surveys, community engagement programs with local First Nations, and ~2,000 metres of diamond drilling in four holes, for a total expenditure of ~$3 million.
Teck Submits Regulatory Application for Quebrada Blanca Phase 2 2016-09-26
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 26, 2016) - Teck Resources Limited ("Teck", TSX: TCK.A and TCK.B, NYSE: TCK) has, as part of the regulatory process, submitted the Social and Environmental Impact Assessment (SEIA) for its Quebrada Blanca Phase 2 Project (QB Phase 2) in northern Chile to the Region of Tarapacá Environmental Authority, consistent with the timing previously noted in the company's second quarter 2016 release.
Teck Announces Acquisition of Securities of Jet Gold 2016-08-31
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 30, 2016) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it acquired 8,333,333 common shares, and a $389,117 principal amount convertible debenture of Jet Gold Corp. ("Jet Gold"). Jet Gold issued the securities in satisfaction of $889,117 of indebtedness owing to a Teck subsidiary. Jet Gold had assumed the indebtedness in connection with its indirect acquisition of control over a 30% interest in Haib Minerals (PTY) Ltd., in which Teck indirectly holds a 70% interest. The common shares were issued for an aggregate price of $500,000, and the convertible debenture was issued for a price of $389,117. No cash consideration was paid by Teck and the purchase price was fully satisfied by set-off against the assumed indebtedness.
Line Creek Information
General 2015-05-10Line Creek supplies metallurgical and thermal coal to a variety of international and domestic customers. The Line Creek property consists of 8,183 hectares of coal lands of which approximately 2,267 hectares are currently being mined or are scheduled for mining. The current annual production capacities of the mine and preparation plant are 2.5 and 3.5 million tonnes of clean coal, respectively. At 2009 production rates Line Creek has an estimated remaining reserve life of approximately 10 years.
Nearby Location News
Rising coking coal prices a boon for Crown Mountain project 2016-10-18Coal developer Jameson Resources is working to update the prefeasibility study (PFS) on its Crown Mountain project, in British Columbia, as coking coal prices continue to rise. The junior told shareholders on Tuesday that the fourth quarter benchmark for coking coal had settled at $200/t, which was up from the third quarter settlement of about $92/t.
ASX: Crown Mountain Coking Coal Project Update 2016-09-11
ASX: Crown Mountain EA Process Progressing Well 2016-06-01
Economics improved at Jameson's Crown Mountain 2015-03-30ASX-listed coal developer Jameson Resources has revealed that despite the fall in coal prices, the Crown Mountain coking coal project, in British Columbia, retained its attractiveness. Jameson on Monday noted that even at the recent benchmark price of $109.50. the Crown Maountain project still had margins ranging from between 54% and 25%, making the project economically attractive.