Publication: Mineweb

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...reflects our expectation that Teck will use its free cash flow and proceeds from assets sales to reduce debt further during 2009,' S&P advised. "We believe that the company's recent debt reduction measures, along with better-than-expected commodity prices, should push leverage down to about 3x by year end." Lindsay recently told analysts that achievement of investment grade ratings is a major goal for Teck

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Teck's risk-taking foray into coal could ultima... [Published Mineweb - Jul 27 2009]
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