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Teck increases AQM stake

by Michael Allan McCrae | November 15, 2013 | Reprinted by permission of

Teck Resources NYE:TCK increased its stake in AQM Copper TSXV:AQM to 19.9%.

Teck announced November 15 that it bought 22.4 million common shares of the South American junior at 11 cents per share.

AQM Copper is focused on copper deposits in southern Peru and its Zafranal property, a 50/50 joint venture with Teck.

According to AQM’s website, the Zafranal property is located in the resource-rich district of the southern Peru porphyry copper belt and is close to some of the world’s largest operating copper mines.

Reprinted by permission of

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