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Teck shares gain on Reuters’ news about refinancing 03.20.2009 Shares of Canadian miner Teck Cominco jumped 5.6 percent minutes after Reuters reported exclusively on March 20 the company is making progress in refinancing a $5.8 billion bridge loan taken on to buy Fording Canadian Coal Trust last year. The comments were published on the same day S&P downgraded Tecks credit due to concerns about the companys financial health. Bloomberg covered the ratings downgrade, but did not obtain comment from Teck regarding the financing. Dow did not match the story. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

Teck shares gain on Reuters’ news about refinancing

03.20.2009

Shares of Canadian miner Teck Cominco jumped 5.6 percent minutes after Reuters reported exclusively on March 20 the company is making progress in refinancing a $5.8 billion bridge loan taken on to buy Fording Canadian Coal Trust last year. The comments were published on the same day S&P downgraded Tecks credit due to concerns about the companys financial health. Bloomberg covered the ratings downgrade, but did not obtain comment from Teck regarding the financing. Dow did not match the story.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here