Iron Ore/CoalI was just reading an article regarding Teck’s determination to carry on with a massive oilsands project. They are so big and forward looking. Aside from the bad timing with the Fording deal they are good at looking for good deals.
In 2010 Teck talked about their desire to add IronOre to their asset mix but the prices were too high. I think the timing is in the right place for a large high grade project in a safe jurisdiction. I don’t think that the prices can get any better than they are right now for TECK to take a position in FEO. They could become a 20% partner for peanuts right now as FEO seeks some cash.
Seems like a good fit to me:)