LONDON (dpa-AFX) - Responding to market rumors, Canadian miner Teck Resources Ltd. (TCK_A.TO, TCK) said late Monday that it is not in discussions with Chilean copper miner Antofagasta plc in relation to any form of transaction, and that there are no other corporate developments that justify any significant movement in its share price.
Earlier in the day, Bloomberg reported, citing people with knowledge of the matter, that Teck Resources and London-listed Antofagasta have explored a merger that would create one of the world's largest copper producers.
Teck Resources shares close Monday's regular trading session on the New York Stock Exchange at $15.27, up $1.41 or 10.17%, but lost $1.03 or 6.75% in after hours trading.
Copyright RTT News/dpa-AFX
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