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Publication: Mineweb
Quotes
...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
Teck's risk-taking foray into coal could ultimately reap rewards [Published Mineweb - Jul 27 2009]
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Don Lindsay
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