Teck Resources aiming for $3 billion in annual EBIDTA, focused on building existing projects
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May 14 (Reuters) - Canada's Teck Resources Ltd is expecting to generate annual earnings before interest, depreciation, tax and amortization (EBIDTA) of $3 billion if copper prices hit $5 per pound, CEO Jonathan Price said on Tuesday.
Price also said the company is focused on executing its current existing projects when asked whether the company would acquire any copper assets. Price was speaking at the Bank of America Metals, Mining and Steels conference in Miami. (Reporting by Divya Rajagopal; editing by Jonathan Oatis)