Chinese firms may help check Teck debt

Teck Resources Ltd, Canada's biggest base-metals company, is in talks to sell coking-coal assets to Chinese companies to help reduce debt.

"We are going through a process" of talks with Chinese companies, including steelmakers, to buy as much as a 20 percent stake in Teck's coking-coal business, Chief Executive Officer Donald Lindsay said in a television interview in Beijing yesterday.

He declined to name the companies.