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Teck Resources (TCK -2.3%) CEO Don Lindsay said in yesterday's conference call that values...

Teck Resources (TCK -2.3%) CEO Don Lindsay said in yesterday's conference call that values have come down and more assets have come available for potential M&A, including projects in the iron ore sector which TCK has been eager to break into for years. TCK has more than $3.2B of cash on its balance sheet, but Lindsay stressed it would do nothing to threaten its investment-grade credit rating.
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  • freeman8201
    , contributor
    Comments (805) | Send Message
     
    It'll be hard for them to raise capital to buy out any firm in Australia. I don't mind 'em going down the path of rio/cliff, but I hope they don't pick up massive loads of debt.
    9 Feb 2013, 06:13 PM Reply Like
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