男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

CHINA> National
China fund takes stake in Canadian miner

Updated: 2009-07-04 08:44

TORONTO: Canadian mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for C$1.74 billion (US$1.5 billion) in a bid to reduce its debt.

Related readings:
Chinalco buys Rio Tinto shares
Rio Tinto-Chinalco $19.5B deal foiled
Sinopec to buy Addax for $7.3b
Outbound investment unlikely to outstrip FDI

The Vancouver-based company said CIC, the world's largest commodity buyer, will buy 101.3 million class B voting shares for C$17.21 each. CIC will hold onto the stock for at least a year, said the mining company.

The proceeds from the private placement will go towards paying down nearly $10 billion in bank debt and will also give the company a chance to forge a partnership with a major foreign investor, said Teck's chief executive in a conference call.

"We will have a financial relationship with a very deep-pocketed investor who would potentially participate in future development projects," said CEO Don Lindsay.

The sale, which is still subject to regulatory approval, is slated to close on July 14.

Teck has been selling assets and cutting costs to pay down the debt acquired after the $9.8 billion purchase of Fording Canadian Coal Trust last year.

After the deal was struck in July, prices for most commodities tanked. The deal closed in October, after the company received its financing and just as Canada entered what has turned out to be a severe recession.

Last month, Teck struck a deal to sell a one-third interest in its Waneta Dam in southeastern British Columbia to BC Hydro for $710 million.

Teck has also made about $700 million from the recent sale of many of its gold-assets.

Earlier this year, Teck was granted reprieve from its lenders on a portion of its debt, which included a $4 billion senior term loan facility and $5.81 billion senior bridge loan facility.

The deal reduced payments due this October to about $1.9 billion from $6.3 billion.

Teck also remains on the lookout for a minority partner to take about a 20 percent stake of its coal business.

 

 

主站蜘蛛池模板: 元朗区| 方正县| 桦川县| 屯昌县| 科技| 封开县| 公主岭市| 漯河市| 彰武县| 张掖市| 舒城县| 皋兰县| 上林县| 桂阳县| 吴川市| 成安县| 贵南县| 醴陵市| 丰原市| 澄城县| 博兴县| 丹寨县| 兴业县| 定安县| 四会市| 夏邑县| 黔西县| 通州市| 浙江省| 乐都县| 洛扎县| 灌阳县| 安乡县| 宣威市| 乌兰浩特市| 安新县| 六安市| 榕江县| 土默特左旗| 白银市| 长子县| 乌拉特前旗| 威信县| 马关县| 齐河县| 图木舒克市| 江川县| 大邑县| 和顺县| 确山县| 乌恰县| 郸城县| 特克斯县| 阿拉善盟| 且末县| 临江市| 新余市| 营山县| 江北区| 方山县| 钦州市| 淮安市| 海口市| 涟源市| 常山县| 天津市| 襄城县| 吉隆县| 镇江市| 杨浦区| 肥东县| 太仆寺旗| 环江| 襄垣县| 霍邱县| 黄骅市| 巨野县| 台安县| 惠水县| 崇礼县| 邯郸市| 利川市|