Teck completed the sale to a subsidiary of Conuma Resources Limited of all the assets and liabilities related to the Quintette steelmaking coal mine in north-eastern British Columbia in consideration for $120 million in cash in staged payments over 36 months, and an ongoing 25% net profits interest royalty.
Fasken advised Teck on all aspects of the sale with a team led by Johanna Fipke and that included Ron Ezekiel, Huy Do, Michael Coburn, Michael Wolpert, Maureen Berry, Sarah Martin, Daniel Leslie, Robin Spillette and Dixon Sunthoram.
Jurisdiction
- British Columbia
