BHP's proposed takeover of Anglo a validation of copper focus: Teck CEO

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BHP's proposed takeover of Anglo a validation of copper focus: Teck CEO
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Teck Resources Ltd. saw copper production surge in the first quarter compared with a year earlier as its Quebrada Blanca expansion project ramped up toward full production. The roughly US$8.

Teck Resources Ltd. saw copper production surge in the first quarter compared with a year earlier as its Quebrada Blanca expansion project ramped up toward full production.

"It was a beautiful sight," said Price, who was in there to see the second shipment of concentrate loaded onto a ship. "The proposed or potential takeover here, of Anglo by BHP, just reinforces the attractiveness of the long-term fundamentals for copper markets. And, you know, long-term fundamentals around which we have centred our strategy for the years ahead."

"The world is fast turning from debating whether demand for copper would really rise so quickly, to wondering where and how we're going to find more." While the copper production ramp up at the mine in Chile was slow in the first quarter, the company maintained its full-year copper in concentrate production guidance of 230,000 to 275,000 tonnes and also kept its cost guidance unchanged.

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