Teck Resources says it could monetize assets to raise cash if needed

|About: Teck Resources Limited (TECK)|By:, SA News Editor

Teck Resources (TCK) says it already has made sharp cuts in response to the slump in commodities prices but could consider capitalizing assets worth up to $1B if conditions get worse.

CFO Ron Millos said at a mining conference yesterday that TCK has adequate liquidity and does not need to pursue any asset sales or streaming deals.

Millos said infrastructure funds could have interest in TCK's share of assets such as the Wintering Hills wind turbines, the Waneta dam, Neptune Terminals and water treatment plants at Elk Valley; the company also could consider selling projects that it is not developing due to current low metals prices, such as the San Nicolas copper project.

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