July 26 (Reuters) - Teck Resources Ltd TECKb.TO :
* EXPECTS FINAL PERMIT APPROVAL IN AUGUST FOR QB2 PROJECT IN CHILE - CHIEF EXECUTIVE OFFICER DON LINDSAY
* TECK BELIEVES PARTNERSHIP TRANSACTION FOR QB2 WILL REDUCE TECK'S FINANCIAL REQUIREMENTS FOR THE PROJECT BY OVER $2 BILLION - CEO
* TECK WILL NOT SIMPLY PICK HIGHEST BIDDER FOR QB2 STAKE FROM THREE TYPES OF POTENTIAL PARTNERS: LARGE MINERS, METAL MARKETING COMPANIES, FINANCIAL PLAYERS - CEO
* TECK, WITH C$2.9 BILLION IN CASH AND C$6.8 BILLION LIQUIDITY, WILL CONSIDER DEBT REDUCTION, GROWTH PROJECTS, AND/OR SHAREHOLDER RETURNS VIA DIVIDEND OR BUYBACK SET AT NOVEMBER BOARD MEETING - CEO
* TECK SAYS IF VALUE OF FORT HILL OIL SANDS BUSINESS INADEQUATELY REFLECTED IN SHARE PRICE IN 2020-2021, WOULD CONSIDER SUCH OPTIONS AS SPINOUT, SALE, PARTNERING - CEO
* TECK WORKING WITH POTENTIAL QB2 CONTRACTORS TO IMPROVE LABOR PRODUCTIVITY - "THE BEST CHANCE" TO MAINTAIN OR REDUCE $4.8 BILLION PROJECT COST - VP ALEX CHRISTOPHER