Shearman & Sterling represented Banc of America Securities LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. as joint book-running managers, Goldman, Sachs & Co., Mitsubishi UFJ Securities (USA), Inc., RBC Capital Markets Corporation, RBS Securities Inc. and UBS Securities LLC as lead co-managers, and Barclays Capital Inc., BNP Paribas Securities Corp., CIBC World Markets Corp., Deutsche Bank Securities Inc., Mizuho Securities USA Inc. and Scotia Capital (USA) Inc. as co-managers, in connection with Teck Resources Limited's US$750 million offering of US$300,000,000 aggregate principal amount of 3.850% notes due 2017 and US$450,000,000 aggregate principal amount of 6.000% note due 2040. The notes will be guaranteed by Teck's wholly-owned subsidiary, Teck Metals Ltd.

Teck expects to use the proceeds from this offering to partially finance a concurrent tender offer to purchase up to an aggregate US$800,000,000 principal amount of its 9.750% senior secured notes due 2014 and its 10.250% senior secured notes due 2016.

Teck is a diversified resource company with major business units focused on copper, steelmaking coal, zinc and energy, headquartered in Vancouver, Canada.

The following Shearman & Sterling team advised the underwriters in the transaction: partner Laurence Crouch (Menlo Park-Tax); counsel Jason Pratt (New York-Property/Environmental); and associates Hugo Sin (Toronto-Capital Markets), Sonja Sun (Toronto-Capital Markets), Anil Kalia (Menlo Park-Tax) and Seth Kerschner (New York-Property/Environmental).