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Posted AT 8:06 AM EDT on 23/08/06

Teck seen as buyer of Falconbridge assets

ANDY HOFFMAN

From Wednesday's Globe and Mail

Teck Cominco Ltd. is the lead candidate to acquire the bulk of $7-billion (U.S.) worth of Falconbridge Ltd. assets that could be put up for sale by new owner Xstrata PLC, according to a mining analyst. Teck is pegged as a possible buyer for six out of nine Falconbridge mining projects or properties identified by Desjardins Securities John Hughes as assets that Xstrata may sell to help fund the $18-billion (Canadian) takeover.

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