Teck Announces Cash Tender Offer for Up to US$1 Billion

Teck Resources Limited TCK announced today 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. Teck also announced it has commenced an offering of up to an aggregate of US$700 million of senior unsecured notes due 2021 and 2040 to partially fund the Tender Offer. The notes due 2040 are an additional issuance of, and will be consolidated and form a single series with, the US$450 million principal amount of 6.000% notes due 2040 that were issued on August 17, 2010.