Diversified miner Teck Resources Ltd said on Tuesday that Japan's Sumitomo Metal Mining Co Ltd and Sumitomo Corp have agreed to buy a 30 percent indirect interest in Compania Minera Teck Quebrada Blanca S.A. for $1.2 billion.
After the transaction, Teck's Quebrada Blanca Phase 2 project in Chile will be owned 60 percent by Teck, 30 percent by Sumitomo Metal Mining and Sumitomo Corp and 10 percent by Enami, a Chilean state agency, the statement added.
(Reporting by Kanishka Singh in Bengaluru; Editing by Shinjini Ganguli) ((Kanishka.Singh@thomsonreuters.com; +91 80 6749 0021;))
