Teck, Cominco table share buyback programs

Article Abstract:

Teck Corp. and Cominco Ltd. of Vancouver, Canada, affiliate mining companies, are planning to buy back their stock in an effort to increase shareholder value with the reduction of the number of outstanding shares. Teck, which owns 34% of Cominco, is seeking regulatory approval to repurchase up to C$2 million of its class B common shares, or 2% of its outstanding shares. Cominco, a producer of zinc-lead, has likewise filed notice of its intention to buy back up to two million of its common shares, or 2.3% of its outstanding shares, following a 24-year low of C$13.50 of its stock.

Comment:

Plans to buy back up to 2 mil of its common shares, or 2.3% of its outstanding shares

Lead Ore and Zinc Ore Mining, Metal Ores, Metal Ore Mining, Lead & Zinc Mines, Mining industry, Teck Corp., Cominco Ltd., Ores, Article

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A sky-high gondola looks to lift slumping Whistler Blackcomb

Article Abstract:

Intrawest Corp. plans to construct world's highest freight car system in Whistler ski resort of British Columbia. The details on $50 million project are presented.

Other Activities Related to Real Estate, REAL ESTATE, Real Estate Services, Planning, Economic aspects, Railroads, Real estate industry, Company business planning, Freight cars, Whistler, British Columbia, Intrawest Corp. (Vancouver, British Columbia)

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