Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced that it has commenced an offer to purchase for cash up to an aggregate of US$1 billion principal amount of its outstanding 10.750% senior secured notes due 2019.
The press release is quoted as saying:
Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy.