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Gold/Mining/Energy : Donner Minerals (DML.V)

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To: wayne cath who wrote (2970)1/16/1998 12:25:00 AM
From: Ed Pakstas  Read Replies (2) of 11676
 
Any of you guy's see this Teck NR??... Talk about cash in da bank!!!...

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR:ÿ TECK CORPORATION

TSE, ME, VSE SYMBOL:ÿ TEK

JANUARY 15, 1998

Teck Sells Inco Preferred Shares

VANCOUVER, BRITISH COLUMBIA--Teck Corporation announced that on
January 14, 1998 it sold 1,092,000 Inco Series E preferred shares
for total proceeds of Cdn $74 million.ÿ These shares had been
acquired from Inco in 1996 as partial proceeds in exchange for
shares of Diamond Fields Resources.ÿ The company's cash balance
including these proceeds amounts to approximately Cdn $275
million.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Teck Corporation
John G. Taylor
Senior Vice President and Chief Financial Officer
(604) 687-1117
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