On Thursday, Shares of Teck Resources Ltd (USA) (NYSE:TCK), gained 24.28% to $6.86.
GOLDCORP INC. and Teck Resources Limited, declared a contract to combine their respective El Morro and Relincho projects, located about 40 kilometers apart in the Huasco Province in the Atacama region of Chile, into a single project.
Teck and Goldcorp will contribute their respective project interests into a 50/50 joint venture. The combined project will have the interim name of Project Corridor.
“Combining these two neighboring assets is a common sense approach that allows us to consolidate infrastructure to reduce costs, reduce the environmental footprint and provide greater returns over either standalone project,” said Don Lindsay, President and CEO of Teck. “Through Project Corridor, we will work to establish meaningful relationships with the community, Indigenous Peoples and other stakeholders that will assist guide the project’s development and create greater value for all parties.”
Teck Resources Limited explores, develops, and produces natural resources in the Americas, the Asia Pacific, Europe, and Africa. Its principal products comprise copper, counting copper concentrates and cathode copper; steelmaking coal; and refined zinc and zinc concentrates.
Shares of Exelon Corporation (NYSE:EXC), inclined 0.89% to $31.72, during its last trading session.
Exelon Corporation and Pepco Holdings Inc., issued the following statement in response to the Public Service Commission of the District of Columbia’s decision on the companies’ projected merger.
“We are disappointed with the Commission’s decision and believe it fails to recognize the benefits of the merger to the District of Columbia and its residents and businesses. We continue to believe our proposal is in the public interest and provides direct immediate and long-term benefits to customers, enhances reliability and preserves our role as a community partner. We will review our options with respect to this decision and will respond once that process is complete.”
Exelon Corporation, a utility services holding company, engages in the energy generation and delivery businesses in the United States. It owns electric generating facilities, such as nuclear, fossil, and hydroelectric generation facilities, in addition to wind and solar photovoltaic facilities.
Finally, SL Green Realty Corp (NYSE:SLG), ended its last trade with 1.24% gain, and closed at $106.31.
SL Green Realty Corp., declared that it has accomplished the acquisition of Eleven Madison Avenue in New York City for $2.285 billion, plus about $300 million in costs associated with lease stipulated improvements to the property. The acquisition has been financed with $1.4 billion of 10-year, interest only, fixed rate financing, with an interest rate of 3.838% per annum.
SL Green Realty Corp. is a real estate investment trust (REIT). The firm engages in the property administration, acquisitions, financing, development, construction, and leasing. It also provides tenant services to its clients.
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