Teck Cominco Faces Big Losses from Lower Metals Prices

SUGAR LAND--February 19, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian miner Teck Cominco Limited (NYSE:TCK) (Vancouver, British Columbia) recently announced fourth-quarter 2008 earnings results. The company's $669 million (U.S.) of impairment losses for the quarter, including $376 million of negative pricing adjustments, resulted in a net loss for the quarter of $481 million.

Other companies featured: Petro-Canada Incorporated (NYSE:PCZ), UTS Energy Corporation (TSX:UTS)