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<SEC-DOCUMENT>0000950142-09-000532.txt : 20090422
<SEC-HEADER>0000950142-09-000532.hdr.sgml : 20090422
<ACCEPTANCE-DATETIME>20090422122751
ACCESSION NUMBER:		0000950142-09-000532
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20090422
FILED AS OF DATE:		20090422
DATE AS OF CHANGE:		20090422

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TECK COMINCO LTD
		CENTRAL INDEX KEY:			0000886986
		STANDARD INDUSTRIAL CLASSIFICATION:	MINING, QUARRYING OF NONMETALLIC MINERALS (NO FUELS) [1400]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13184
		FILM NUMBER:		09763253

	BUSINESS ADDRESS:	
		STREET 1:		550 BURRARD ST
		STREET 2:		SUITE 3300, BENTALL 5
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 0B3
		BUSINESS PHONE:		604 699-4000

	MAIL ADDRESS:	
		STREET 1:		550 BURRARD ST
		STREET 2:		SUITE 3300, BENTALL 5
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 0B3
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k_q109.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
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                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><font size="2"><br>
                <br>
                UNITED STATES</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><font size="2">SECURITIES AND EXCHANGE COMMISSION</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><font size="2">Washington, D.C. 20549</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><b><font size="2">FORM 6-K</font></b></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><b><font size="2">REPORT OF FOREIGN PRIVATE ISSUER</font></b></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><b><font size="2">Pursuant to Section 13a-16 15d-16 of the</font></b></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><b><font size="2">Securities Exchange Act of 1934</font></b></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><font size="2">Dated:&nbsp;April 21, 2009<br>
                <br>
                </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><font size="2">Commission File Number: 001-13184</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><b>TECK COMINCO LIMITED</b></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><font size="2">(Exact name of registrant as specified in its charter)</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><font size="2">Suite 3300 &ndash; 500 Burrard Street, Vancouver, British Columbia V6C 0B3</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><font size="2">(Address of principal executive offices)</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in" align="justify"><font size="2">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><font size="2">Form 20-F<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;<u>&nbsp; X&nbsp;</u> &nbsp;</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify" align="left"><font size="2">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1).<u>&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in" align="justify"><font size="2">Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in" align="justify"><font size="2">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
                &nbsp;&nbsp;</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: left" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in" align="justify"><font size="2">Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant&rsquo;s &ldquo;home country&rdquo;), or under the
                rules of the home country exchange on which the registrant&rsquo;s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant&rsquo;s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify" align="left"><font size="2">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><font size="2">Yes&nbsp;<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;<u>&nbsp; X&nbsp;</u> &nbsp;</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: justify" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in" align="justify"><font size="2">If &ldquo;Yes&rdquo; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_____</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><br>
                <br>
                &nbsp;</p>

                <div style="BORDER-RIGHT: medium none; PADDING-RIGHT: 0in; BORDER-TOP: medium none; PADDING-LEFT: 0in; PADDING-BOTTOM: 1pt; BORDER-LEFT: medium none; PADDING-TOP: 0in; BORDER-BOTTOM: 0.25em solid" align="left">
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                        &nbsp;
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                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><br>
                &nbsp;</p>

                <div align="left">
                    <div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px">
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                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: center" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.5in; LINE-HEIGHT: 150%; TEXT-ALIGN: justify" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: center" align="left"><b><font size="2">SIGNATURE</font></b></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-INDENT: 0.47in; TEXT-ALIGN: justify" align="left"><font size="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left">&nbsp;</p>

                <div align="center">
                    <table style="MARGIN-LEFT: 0.4pt; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="624" border="0">
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                                <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
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                            <td valign="bottom" width="12">
                                <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                            </td>

                            <td valign="bottom" colspan="2">
                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><b><font size="2">Teck Cominco Limited</font></b></p>

                                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">(Registrant)</font></p>
                            </td>
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                                <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                            </td>

                            <td valign="bottom" width="12">
                                <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                            </td>

                            <td valign="bottom" colspan="2">
                                <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                            </td>
                        </tr>

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                            <td valign="bottom" width="306">
                                <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><br>
                                <font size="2">Date:&nbsp;April 21, 2009</font></p>
                            </td>

                            <td valign="bottom" width="12">
                                <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                            </td>

                            <td valign="bottom" width="31">
                                <p style="MARGIN-TOP: 1pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 3pt; TEXT-ALIGN: left"><font size="2">By:</font></p>
                            </td>

                            <td style="BORDER-BOTTOM: black 1pt solid" valign="bottom" width="275">
                                <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><br>
                                <font size="2">/s/</font> <font size="3"><small>KAREN</small> <small>L.</small> <small>DUNFEE</small></font></p>
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                                <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                            </td>

                            <td valign="top" width="12">
                                <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                            </td>

                            <td valign="top" width="31">
                                <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left">&nbsp;</p>
                            </td>

                            <td valign="top" width="275">
                                <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Karen L. Dunfee</font></p>

                                <p style="MARGIN-TOP: 0in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: left"><font size="2">Corporate Secretary</font></p>
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                    <br>
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                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left">&nbsp;</p>

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                    <table style="BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="624" border="0">
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                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left">&nbsp;</p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
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                            <p>&nbsp;</p>
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                        <td valign="top" width="41%">
                            <p>&nbsp;</p>
                        </td>
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                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>For Immediate Release</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Date: April 20, 2009</font></p>
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                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">09-09-TC</font></p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
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                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2"><b>1Q</b> <b>RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2009</b> </font></p>

                <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>TECK REPORTS FIRST QUARTER RESULTS FOR 2009</b></font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Vancouver, BC &ndash; Teck Cominco Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced that net earnings were $241 million, or $0.50 per share, in the first quarter. Earnings before non-recurring items and positive pricing adjustments were $227 million and our operating profit, before depreciation and pricing adjustments, was $765 million. At March 31, 2009, our cash balance was $1.6 billion. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">&ldquo;General economic conditions have improved somewhat in the first quarter of the year, but we are still operating in challenging times,&rdquo; said Don Lindsay, President and CEO. &ldquo;Our operations performed well, with all of our major sites generating positive cash flow from operations in the quarter. We are also making progress with our debt reduction plan and our non-core asset sales.&rdquo; </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Highlights and Significant Items</b> </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
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                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Revenues in the first quarter were $1,708 million, up 11% from $1,542 million in 2008. Operating profit before depreciation and pricing adjustments was $765 million, up 29% from $594 million in 2008. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">It is difficult to forecast coal sales volumes at this stage in the economic cycle and their effect on results for the coming year is uncertain at this time. Currently we expect our 2009 coal sales to be between 18 and 20 million tonnes, 90% of which is expected to be hard coking coal. Actual volumes will depend on developments in global steel markets. To date we have concluded price negotiations for
                            approximately 11 million tonnes of coal for the 2009 coal year, with our highest quality coal products being priced at US$128 per tonne. Negotiations with the rest of our customers are ongoing. In addition, we have several customer commitments to accept delivery of 1.6 million tonnes of carryover tonnage at 2008 coal year prices. Negotiations on the remaining carryover tonnage are also ongoing. </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
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                            <p>&nbsp;</p>
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                            <hr align="center" width="100%" noshade size="1">
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                            <p><font face="Times New Roman, Times, Serif" size="2"><i>All dollar amounts expressed in this news release are in Canadian dollars unless otherwise noted.</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Reference: Greg Waller, Investor Relations <br>
                Additional corporate information is available on the Internet at <u>http://www.teck.com</u> </font></p>
                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
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                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
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                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">In the first quarter we sold our investments in the Lobo-Marte gold property in Chile and our indirect interest in Sociedad Minera El Brocal S.A.A. We realized cash proceeds of US$141 million and US$35 million respectively for these sales, of which US$101 million was received in April. </font></p>
                        </td>
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                        <td valign="top">
                            <p>&nbsp;</p>
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                        <td valign="top">
                            <p>&nbsp;</p>
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                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We have announced the sale of our 50% interest in the Hemlo gold mines for US$65 million. We expect the transaction to close in the second quarter of 2009. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We also announced the sale of a royalty interest in respect of Andacollo&rsquo;s gold production, which is expected to close in the second quarter of 2009. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">To date we have received approximately $980 million of our expected tax refunds of $1.1 billion arising from our acquisition of the coal assets from Fording. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We are also in advanced negotiations with our lenders to amend the terms of the bridge and term loans related to the Fording acquisition. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">In the first quarter of 2009, Moody&rsquo;s Investor Services and Standard &amp; Poor&rsquo;s lowered our credit ratings to Ba3 and BB+ respectively, both with a negative outlook. </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">2</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b><i>This management&rsquo;s discussion and analysis is dated as at April 20, 2009 and should be read in conjunction with the unaudited consolidated financial statements of Teck Cominco Limited (Teck) and the notes thereto for the three months ended March 31, 2009 and with the audited consolidated financial statements of Teck and the notes thereto for the year ended December 31, 2008. In this news release, unless the
                context otherwise dictates, a reference to &ldquo;the company&rdquo; or &ldquo;us,&rdquo; &ldquo;we&rdquo; or &ldquo;our&rdquo; refers to Teck and its subsidiaries. Additional information, including our annual information form and management&rsquo;s discussion and analysis for the year ended December 31, 2008, is available on SEDAR at</i></b> <b><i><u>www.sedar.com</u>.</i></b></font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b><i>This document contains forward-looking statements. Please refer to the cautionary language under the heading &ldquo;CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION&rdquo;</i></b> <b><i>below.</i></b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Earnings and Adjusted Earnings<sup>*</sup></b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Net earnings were $241 million, or $0.50 per share in the first quarter, compared with $345 million or $0.78 per share in the first quarter of 2008. Earnings included positive after-tax pricing adjustments of $43 million, primarily due to rising copper prices, compared with $74 million in the same period last year. In addition, we recorded after-tax gains totalling $168 million from the sale of our interest in the Lobo-Marte
                gold project and our investment in El Brocal. This was offset by non-cash foreign exchange translation losses on our long-term debt of $203 million after-tax. We also recorded a $30 million tax recovery in respect of the effect of future provincial tax rate reductions in British Columbia. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="78%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(in millions of dollars)</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Net earnings as reported</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">241</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">345</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Add (deduct):</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Derivative losses</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">24</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Asset sales and other</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(168</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(8</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Foreign exchange losses on debt</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">203</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Tax items</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(30</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(11</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Adjusted net earnings</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">270</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">326</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Positive pricing adjustments (note 1)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(43</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(74</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Comparative net earnings</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">227</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">252</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(1)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">See FINANCIAL INSTRUMENTS AND DERIVATIVES section for further information </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="2">
                            <hr align="left" width="20%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><sup>*</sup></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Our financial results are prepared in accordance with Canadian GAAP (GAAP). This news release refers to adjusted net earnings, comparative net earnings, operating profit and operating profit before depreciation and pricing adjustments, which are not measures recognized under GAAP in Canada or the United States and do not have a standardized meaning prescribed by GAAP. For adjusted net earnings and comparative net
                            earnings, we adjust net earnings as reported to remove the effect of unusual and/or non-recurring transactions in these measures. Operating profit is revenues less operating expenses and depreciation and amortization. Operating profit before depreciation and pricing adjustments is operating profit with depreciation, amortization and pricing adjustments added or deducted as appropriate. Pricing adjustments are described under the heading &ldquo;Average Commodity
                            Prices and Exchange Rates&rdquo; below. These measures may differ from those used by, and may not be comparable to such measures as reported by other issuers. We disclose these measures, which have been derived from our financial statements and applied on a consistent basis, because we believe they are of assistance in understanding the results of our operations and financial position and are meant to provide further information about our financial results to
                            shareholders. </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">3</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Debt Reduction</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">In order to finance the 2008 acquisition of the Fording assets we entered into bridge and term financing facilities with a consortium of lenders for a total of US$9.8 billion. As at April 20, 2009, US$9.2 billion was outstanding. It was our plan to repay the current portion of the debt through operating cash flows, sale of non-core assets and receipt of substantial tax refunds and by accessing bond markets for longer term
                financing. In the fourth quarter of 2008, general global economic conditions deteriorated substantially, effectively closing the credit markets to us. We also saw a sharp decline in the selling price of our products as well as reduced coal sales volumes. As a result of these conditions, our credit ratings were lowered and our ability to carry out the original refinancing and repayment plan was compromised. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Subsequent to year end markets for base metals have improved substantially. By April 15<sup>th</sup>, prices for copper, zinc and lead had improved by 54%, 30% and 58% respectively from December, 2008 year end prices. We have also settled a substantial portion of our metallurgical coal sales for the 2009 coal year at price levels which, while substantially lower than 2008, are the second highest ever. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We have also taken the following steps to assist us in meeting our obligations under our lending agreements: </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">To date, we have received proceeds of US$141 million from the sale of our investments in the Lobo-Marte gold property in Chile and US$35 million from the sale of our indirect interest in Sociedad Minera El Brocal S.A.A. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We have announced the sales of our 50% interest in the Hemlo gold mines, and a 75% interest in the future gold production from our Andacollo mine. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">The sale of Hemlo is expected to close in the second quarter of 2009 for proceeds of US$65 million, less any cash flow received since January 1, 2009. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">The sale of a royalty interest in respect of Andacollo&rsquo;s gold production is expected to close in the second quarter of 2009 with Andacollo realizing proceeds of US$218 million cash and 1.2 million shares of Royal Gold, Inc. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We are also in various stages of advanced negotiations and discussions with respect to the sale of other non-core assets. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We expedited the filing of our 2008 tax returns to accelerate the receipt of cash refunds expected to total approximately $1.1 billion. To date we have received approximately $980 million. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We suspended our semi-annual dividend. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We have placed operations that have become unprofitable in the new commodity price environment on care and maintenance. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We reduced production at Trail and Teck Coal to better match supply to demand. </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">4</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We have implemented workforce reductions totalling 1,400 positions and cut administrative overhead. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We have reduced our capital expenditure and exploration budgets, placed development projects on hold, and have entered into equipment leasing programs where appropriate to conserve cash. </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">We are also in advanced negotiations with our lenders to amend our bridge and term loans to provide us with additional time to generate cash and/or access appropriate sources of financing to repay the loans and we intend to access the debt capital markets to issue longer term bonds as market conditions permit. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our ability to repay or refinance the bridge facility prior to its maturity and make the scheduled instalment payments on the term facility depends on a number of factors, some of which are beyond our control. There is no assurance that our expected cash flows from operations in combination with asset sales and other steps being taken will allow us to meet these revised obligations as they become due. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Business Unit Results</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our first quarter business unit results are presented in the table below: </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="32%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="8%" colspan="2">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="8%" colspan="2">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="8%" colspan="2">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="8%" colspan="2">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="8%" colspan="2">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="8%" colspan="2">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(in millions of dollars)</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Revenues</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Operating profit<br>
                            before depreciation and<br>
                            pricing adjustments</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Operating profit</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Copper</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">447</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">716</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">168</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">372</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">158</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">435</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Coal</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">874</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">221</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">519</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">26</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">429</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">15</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Zinc</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">348</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">573</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">60</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">183</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">40</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">155</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Gold</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">39</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">32</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">18</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">13</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">9</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">6</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Total</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,708</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,542</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">765</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">594</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">636</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">611</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Operating profit from our copper business unit was $158 million in the first quarter after the effect of $63 million of positive pricing adjustments. This compares with an operating profit of $435 million after $115 million of positive pricing adjustments in the first quarter of 2008. The decline in operating profit was primarily due to lower copper prices, which averaged US$1.56 per pound in the first quarter compared with
                US$3.54 per pound in the first quarter of 2008. Higher sales volumes, which increased 22% from a year ago due to timing of shipments, lower operating costs and the effect of a weaker Canadian dollar partially offset the lower copper price. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating profit from our coal business unit accounted for 67% of our operating profit and was $429 million in the first quarter compared with $15 million in the same period last year. The significantly higher operating profit reflected higher coal prices and our ownership of 100% of Teck Coal compared with a 40% direct interest last year. Coal prices averaged US$204 per tonne in the first quarter compared with US$96 per
                tonne realized in the first quarter of 2008. Our realized coal price was affected by the sale of approximately 275,000 tonnes of lower priced 2007 coal year carryover tonnages and 600,000 tonnes of thermal coal in the quarter. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">5</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating profits were also negatively affected by currency hedging losses on our US dollar revenues of $57 million. Coal sales on a 100% basis were 3.7 million tonnes in the first quarter representing a 36% decline from the same period a year ago, as our customers significantly reduced their coal deliveries in late 2008 in response to lower steel production. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our zinc business unit operating profit was $40 million in the first quarter compared with $155 million in the first quarter of 2008. This was the result of significantly lower zinc prices and reduced sales volumes. Positive pricing adjustments increased earnings by $7 million in the first quarter, the same as a year ago. Sales volumes of refined zinc from our Trail operations were 21% lower due to production curtailments
                implemented in late 2008 in response to the lower demand from customers. Our Pend Oreille mine was placed on care and maintenance at the end of February due to reduced metal demand and persistent weakness in zinc prices. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our gold business unit, which consists of our 40% interest in the Pogo mine, generated an operating profit of $9 million in the quarter compared with $6 million in the first quarter of 2008. In February we entered into an agreement to sell our Hemlo mines for US$65 million and have reclassified these as discontinued operations. We also sold our Lobo-Marte gold project for US$40 million cash and approximately 5.6 million
                Kinross shares, which were sold in April 2009 for US$101 million. Proceeds from these asset sales are used to reduce the bridge financing as part of our debt reduction program. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Revenues</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Revenues from operations were $1.7 billion in the first quarter of 2009 compared with $1.54 billion a year ago. Revenues from coal operations increased by $653 million, with $524 million attributable to our increased ownership interest in Teck Coal. This was partially offset by reduced copper and zinc revenues of $494 million due to lower base metal prices. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Average Commodity Prices and Exchange Rates*</b> </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="63%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="7%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="7%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="9%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="9">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Three months ended<br>
                            March 31, 2009</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">%Change</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Copper</b> (LME Cash - US$/pound)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.56</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3.54</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">-56</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">%</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Coal</b> (realized - US$/tonne)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">204</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">96</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">+113</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">%</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Zinc</b> (LME Cash - US$/pound)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.53</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.10</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">-52</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">%</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Gold</b> (LME PM fix - US$/ounce)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">908</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">928</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">-2</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">%</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Molybdenum</b> (published price - US$/pound)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">9</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">33</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">-73</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">%</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Lead</b> (LME Cash - US$/pound)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.53</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">-60</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">%</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>US/Cdn exchange rate</b> (Bank of Canada)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.24</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.00</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">+24</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">%</font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">*</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">The average commodity prices disclosed above are provided for information only. Our actual revenues are determined using commodity prices and other terms and conditions specified in our various sales contracts with our customers. The molybdenum price is the major supplier selling price published in Platts Metals Week. </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Sales of metals in concentrate are recognized in revenue on a provisional pricing basis when title transfers and the rights and obligations of ownership pass to the customer, which usually occurs upon shipment. However, final pricing is typically not determined until a subsequent date, often in the following quarter. Accordingly, revenue in a quarter is based on current prices for sales occurring in the quarter and ongoing
                pricing adjustments from sales that are still subject to final pricing. These pricing adjustments result in additional revenues in a rising price </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">6</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">environment and reductions to revenue in a declining price environment. The extent of the pricing adjustments also takes into account the actual price participation terms as provided in the concentrate sales agreements. In the first quarter of 2009, we had positive pricing adjustments of $73 million ($43 million after non-controlling interests, royalties and tax) compared with $128 million ($74 million after non-controlling
                interests, royalties and tax) in the first quarter of 2008. The 2009 amount is comprised of $22 million of pricing adjustments on sales from the previous quarter, and $51 million on sales that were initially recorded at the average price for the month of shipment and subsequently revalued to quarter end forward curve prices. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">At December 31, 2008, outstanding receivables included 164 million pounds of copper provisionally valued at an average of US$1.40 per pound, 195 million pounds of zinc valued at an average of US$0.54per pound and 45 million pounds of lead provisionally valued at an average of US$0.42 per pound. During the first quarter of 2009, 151 million pounds of copper included in the December 31, 2008 receivables were settled at an
                average final price of US$1.53per pound, 195million pounds of zinc were settled at an average final price of US$0.53 per pound and 45 million pounds of lead were settled at an average final price of US$0.51per pound, resulting in positive after-tax pricing adjustments of C$14million ($22 million before tax) in the quarter. Positive after-tax pricing adjustments on current quarter sales were C$29 million. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Commodity Hedge Positions</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">At March 31, 2009, outstanding receivables included 113 million pounds of copper provisionally valued at an average of US$1.83 per pound and 95 million pounds of zinc valued at an average of US$0.60 per pound. There were no outstanding lead receivables at March 31, 2009. Final price adjustments on these outstanding receivables will increase or decrease our revenue in 2009 depending on metal prices at the time of settlement.
                To date we have also sold forward 83 million pounds of copper at an average price of US$1.86 with maturities in various months to July, 2009. This includes forward sales contracts for 45 million pounds at an average price of US$1.69 per pound which were in place at March 31, 2009. As at March 31, 2009, US$39 million of outstanding US dollar forward sales contracts at an average price of C$1.02, all of which matured in early April. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Cash Flow from Operations</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Cash flow from operations was $1.1 billion in the first quarter compared with $157 million in the same period last year. Cash flow from operations before working capital changes was up slightly despite lower earnings as the 2009 figures include a number of non-cash items including foreign exchange revaluations on our long term debt. A reduction in working capital also contributed to cash flow as tax refunds of $801 million
                were partially offset by payment of negative pricing adjustments from the previous quarter, currency hedges and seasonal items. In 2008 working capital was negatively impacted by large tax payments. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">7</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b><u>BUSINESS UNIT RESULTS</u></b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">The table below shows our share of production and sales of our major commodities. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="38%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="8%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="8%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="8%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="8%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="8%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Units<br>
                            (000&rsquo;s)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Production</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Sales</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="5">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="5">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">First Quarter</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">First Quarter</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Principal products</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Copper</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Contained in concentrate</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">tonnes</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">47</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">45</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">56</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">43</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Cathodes (note 1)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">tonnes</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">27</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">26</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">27</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">25</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">74</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">71</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">83</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">68</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Coal (note 2)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Direct share</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">tonnes</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,966</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2,357</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,687</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2,303</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Indirect share</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">tonnes</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">707</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">691</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,966</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,064</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,687</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2,994</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Refined zinc</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">tonnes</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">58</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">74</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">57</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">73</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Zinc contained in concentrate (note 3)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">tonnes</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">167</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">175</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">130</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">135</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Gold (note 4)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">ounces</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">76</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">66</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">80</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">69</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Major by-products</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Molybdenum contained in concentrate</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">pounds</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,875</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,621</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,834</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,591</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Refined lead</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">tonnes</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">19</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">26</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">17</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">24</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Lead contained in concentrate</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">tonnes</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">33</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">39</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(1)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We include 100% of production and sales from our Quebrada Blanca and Andacollo mines in our production and sales volumes, even though we own 76.5% and 90%, respectively, of these operations, because we fully consolidate their results in our financial statements. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(2)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">The direct share of coal production included our 40% proportionate share of production from Teck Coal until October 30, 2008 prior to our acquisition of Fording and 100% thereafter. The indirect share of coal production was the pro rata share of production represented by our 19.95% interest in units of Fording. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(3)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">The Lennard Shelf zinc mine ceased production in August 2008 and the Pend Oreille zinc mine was placed on care and maintenance in February 2009. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(4)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Includes production from Hemlo that is classified as discontinued operations. </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">8</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b><u>REVENUES AND OPERATING PROFIT<br>
                QUARTER ENDED MARCH 31</u></b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our revenue, operating profit before depreciation and pricing adjustments and operating profits by business unit are summarized in the table below:</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="28%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="7%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="7%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="9%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="9%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="7%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="7%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">($ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Revenues</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Operating profit<br>
                            before depreciation and<br>
                            pricing adjustments</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Operating profit<br>
                            (loss)</b> (note 3)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Copper</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Highland Valley Copper</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">186</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">270</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">51</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">144</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">72</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">189</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Antamina</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">126</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">190</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">63</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">109</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">77</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">147</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Quebrada Blanca</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">94</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">171</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">41</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">81</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">7</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">72</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Carmen de Andacollo</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">24</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">45</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">12</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">24</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">18</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Duck Pond</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">17</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">40</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">14</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">9</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">447</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">716</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">168</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">372</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">158</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">435</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Coal</b> (note 1)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">874</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">221</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">519</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">26</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">429</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">15</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Zinc</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Trail (including power sales)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">292</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">441</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">77</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">18</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">64</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Red Dog</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">91</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">170</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">29</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">98</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">21</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">87</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Corporate and other (note 2)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">14</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">40</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Inter-segment sales</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(49</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(78</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(1</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(1</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">348</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">573</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">60</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">183</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">40</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">155</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Gold</b> (note 4)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">39</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">32</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">18</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">13</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">9</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">6</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>TOTAL</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,708</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,542</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">765</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">594</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">636</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">611</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(1)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">On October 30, 2008, we completed the acquisition of Fording&rsquo;s assets which increased our direct ownership interest in Teck Coal from 40% to 100%. The results summarized in the above table reflect our increased ownership from October 30, 2008. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(2)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Our Pend Oreille zinc mine was placed on care and maintenance in February 2009 and the Lennard Shelf zinc mine ceased production in August 2008. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(3)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">After depreciation, amortization and pricing adjustments. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(4)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Gold operations include our 40% interest in the Pogo gold mine. Our Hemlo gold operations have been classified as discontinued operations pending their sale, which is expected in the second quarter of 2009. </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">9</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b><u>COPPER</u></b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Highland Valley Copper (97%)</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating results at the 100% level are summarized in the following table: </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="78%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Tonnes milled (000&rsquo;s)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">10,972</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">10,459</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Copper</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Grade (%)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.30</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Recovery (%)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">84.4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">83.1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Production (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">27.4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">26.6</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Sales (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">34.5</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">25.6</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Molybdenum</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Production (million pounds)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Sales (million pounds)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.3</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Cost of sales ($ millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Operating costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">91</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">64</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Distribution costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">7</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Depreciation and amortization</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">15</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">10</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Operating profit ($ millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Before depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">87</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">199</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">After depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">72</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">189</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Highland Valley Copper&rsquo;s operating profit declined to $72 million in the first quarter compared with $189 million in the same period last year. Positive pricing adjustments of $36 million were recorded in the quarter compared with $55 million in the first quarter of 2008. The reduction in operating profit before pricing adjustments was due to significantly lower copper prices partially offset by higher sales volumes
                and a weaker Canadian dollar. Copper sales volumes were 35% higher than the first quarter of 2008 due to timing of shipments. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Copper production in the first quarter was 3% higher than the same period a year ago. Copper recoveries improved slightly from a year ago and are expected to remain similar to current levels for the first half of 2009 while a high percentage of ore is processed from the clay bearing Lornex pit, but are expected to improve to between 86% and 88% by the end of 2009. Lornex ore accounted for 44% of mill throughput compared with
                50% in the first quarter of 2008. Molybdenum production increased to 1.4 million pounds compared with 800,000 pounds in the first quarter of 2008 as a result of mining in a higher grade section of the Valley pit. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">The remediation of the two Valley pit geotechnical failures experienced in the latter part of 2008 was substantially completed in the first quarter of 2009. Pre-production stripping of the east wall in the Valley pit is continuing with expected completion in the third quarter of 2009. After this </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">10</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">stripping is complete, work will commence on the construction of a 3.5 million tonne buttress to provide long term stability of the east wall. Pre-production stripping of the west wall is expected to start in late 2009 after the permit amendment for this next phase of mine life extension is received. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Antamina (22.5%)</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating results at the 100% level are summarized in the following table: </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="76%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Tonnes milled (000&rsquo;s)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Copper-only ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,803</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,892</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Copper-zinc ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">4,050</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2,626</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="98%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">7,853</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">6,518</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Copper (note 1)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Grade (%)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.22</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.21</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Recovery (%)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">83.4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">90.0</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Production (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">79.0</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">74.1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Sales (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">88.4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">62.7</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Zinc (note 1)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Grade (%)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2.94</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3.60</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Recovery (%)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">83.5</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">88.4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Production (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">92.4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">77.6</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Sales (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">85.5</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">58.0</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Molybdenum</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Production (million pounds)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2.1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3.8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Sales (million pounds)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2.5</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3.5</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Cost of sales (US$ millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Operating costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">120</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">85</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Distribution costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">20</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">22</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Royalties and other costs (note 2)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">53</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Depreciation and amortization</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">24</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">30</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Our 22.5% share of operating profit ($ millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Before depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">84</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">152</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">After depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">77</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">147</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(1)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Copper ore grades and recoveries apply to all of the processed ores. Zinc ore grades and recoveries apply to copper-zinc ores only.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(2)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">In addition to royalties paid by Antamina, we also pay a royalty to the vendor of our interest in Antamina equivalent to 7.4% of our share of cash flow distributed by the mine.</font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">11</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our 22.5% share of Antamina&rsquo;s operating profit, before positive pricing adjustments, declined to $56 million in the first quarter compared with $104 million in the same period last year. The decline in operating profit was due to significantly lower copper and zinc prices partially offset by higher sales volumes. Our share of positive pricing adjustments in the first quarter was $21 million compared with $43 million in
                the same period a year ago. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Tonnes milled increased 20% as the main grinding mill operated at near full capacity in the first quarter, as performance last year was affected by 11 days of down time due to electrical problems. In addition, the new pebble crusher, which came on-line in the third quarter of 2008, increased throughput slightly. These items were partly offset by lower recoveries as a result of the type of ore processed in the quarter.
                </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">As a result of higher mill throughput, copper production in the first quarter increased by 7% to 79,000 tonnes compared with 74,100 tonnes a year ago. Zinc production in the quarter increased by 19% over last year to 92,400 tonnes due to processing a greater amount of copper-zinc ores, partly offset by lower ore grades due to mine sequencing. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Sales volumes were higher than production levels, significantly higher than the first quarter of 2008, as poor weather at the port had delayed shipments in the first quarter of 2008. The operating cost component of cost of sales increased by 41% in direct relation to an increase in the sales volumes of zinc and copper concentrates. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">12</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Quebrada Blanca (76.5%)</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating results at the 100% level are summarized in the following table: </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="79%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Tonnes placed (000&rsquo;s)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Heap leach ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,836</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,669</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Dump leach ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,573</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2,500</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="98%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,409</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">4,169</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Grade (TCu%) (note 1)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Heap leach ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.23</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.21</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Dump leach ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.48</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.64</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Production (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Heap leach ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">15.7</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">15.5</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Dump leach ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5.9</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5.4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="98%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">21.6</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">20.9</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Sales (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">21.2</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">19.9</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Cost of sales (US$ million)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Operating costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">40</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">53</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Inventory adjustments (note 2)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">23</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Distribution costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Depreciation and amortization</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">27</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">20</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Operating profit ($ millions) (note 3)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Before depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">41</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">92</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">After depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">7</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">72</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(1)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">TCu% is the percent assayed total copper grade.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(2)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Inventory adjustments consisted of mark-to-market adjustments of work in process inventory at the time of the acquisition of the mine from Aur Resources in August 2007, which were charged to earnings as the inventory was sold.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(3)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Results do not include a provision for the minority interests&rsquo; 23.5% share of Quebrada Blanca.</font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Quebrada Blanca&rsquo;s operating profit, which included nominal pricing adjustments, was $7 million in the first quarter. This compares with $72 million in the first quarter of 2008, or $84 million before positive pricing adjustments of $11 million and a $23 million charge in respect of inventory revaluations to fair value on the acquisition of the mine from Aur Resources. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating profit in the first quarter of 2009 benefited from the reversal of an $8 million inventory provision, which was initially provided for in December 2008 due to the sharp decline in copper prices at year end. This provided a lower cost base for the copper inventory sold in the first quarter and a reduction in the reported cost of sales. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">13</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">Copper production and sales volumes in the first quarter were slightly higher than last year at 21,600 tonnes and 21,200 tonnes, respectively. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating costs, before changes in inventory, were US$42 million in the first quarter compared with US$60 million in the first quarter of 2008 due to lower sulphuric acid, energy and other input costs. The full effect of these lower costs will be realized once in-process inventories are processed and we expect sulphuric acid costs to continue to decline in the second quarter. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Carmen de Andacollo (90%)</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating results at the 100% level are summarized in the following table: </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="79%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Tonnes placed (000&rsquo;s)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Heap leach ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">959</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">894</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Dump leach ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">237</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">215</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="98%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,196</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,109</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Grade (TCu%) (note 1)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Heap leach ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.63</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.63</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Dump leach ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.29</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.24</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Production (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Heap leach ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">4.2</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3.8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Dump leach ore</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="98%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5.3</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5.2</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Sales (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5.3</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5.3</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Cost of sales (US$ million)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Operating costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">7</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">12</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Inventory adjustments (note 2)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">6</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Distribution costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Depreciation and amortization</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">11</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Operating profit ($ millions) (note 3)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Before depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">14</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">26</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">After depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">18</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(1)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">TCu% is the percent assayed total copper grade. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(2)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Inventory adjustments consisted of mark-to-market adjustments of work in process inventory at the time of the acquisition of the mine from Aur Resources in August 2007, which were charged to earnings as the inventory was sold. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(3)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Results do not include a provision for the minority interests&rsquo; 10% share of Andacollo.</font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Andacollo&rsquo;s operating profit was $1 million in the first quarter after positive price adjustments of $1 million. This compares with an operating profit of $22 million in the first quarter of 2008, before positive price adjustments of $2 million and a $6 million charge in respect of inventory revaluations to fair value on the acquisition of the mine from Aur Resources. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">14</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating profit in the first quarter of 2009 benefited from the reversal of a $6 million inventory provision, which was initially provided for in December 2008 due to the sharp decline in copper prices at year end. This provided a lower cost base for the copper inventory sold in the first quarter and a reduction in the reported cost of sales.. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Copper production of 5,300 tonnes in the first quarter was similar to the same period last year, and sales volumes were the same as last year, also at 5,300 tonnes. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">The development of Andacollo&rsquo;s concentrate project is progressing according to plan with production start up scheduled for 2010. The development consists of the construction of a 55,000 tonne per day concentrator and tailings facility and is expected to produce 76,000 tonnes (168 million pounds) of copper and 53,000 ounces of gold in concentrate annually over the first 10 years of the project. Detailed engineering on
                the project is complete. Concrete work is well advanced for the concentrator and steel erection for the mill has started. Approximately two thirds of the new 26.8 kilometre fresh water line has been laid and welded. The capital cost forecast for the project is US$425 million using a US$1 = 535 Chilean pesos exchange rate, of which US$281 million has been spent from inception to March 31, 2009. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">On April 6, 2009, Andacollo announced the sale of an interest in the gold production from the Andacollo mine to Royal Gold, Inc. (&ldquo;Royal Gold&rdquo;). Based on Royal Gold&rsquo;s recent common stock offering, proceeds to Andacollo are expected to be approximately US$218 million cash and 1.2 million common shares of Royal Gold, assuming the underwriters&rsquo; over-allotment option is not exercised. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Royal Gold will be entitled to payment based on 75% of the payable gold produced until total cumulative production reaches 910,000 ounces of gold, and 50% thereafter. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Closing is subject to customary conditions and is expected to occur in the second quarter of 2009. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">The proceeds received will be accounted for as deferred revenue and amortized to revenue based on the gold sold over the life of the hypogene project. Accordingly, no gain or loss will be recorded for this transaction. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Duck Pond (100%)</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Duck Pond&rsquo;s operating profit was $1 million in the first quarter, including $5 million in positive pricing adjustments. Copper and zinc production in the quarter were 3,000 tonnes and 4,300 tonnes respectively, compared with 2,500 tonnes and 4,400 tonnes in the same quarter a year ago. Sales volumes in the first quarter were 2,800 tonnes of copper and 7,300 tonnes of zinc. Underground ramp development to the lower part
                of the orebody is expected to be complete in the second quarter of 2009 which will allow access to new primary production areas in the second half of the year. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">15</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Development Projects</b></font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Due to the present economic conditions, no significant work was done on our copper development projects during the first quarter of 2009. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">In February 2009, we amended certain provisions of the partnership agreement relating to the Galore Creek Project. Under the amended agreement, our remaining committed funding on Galore Creek has been reduced to approximately $32 million, which must be contributed by December 31, 2012. While we are making these committed contributions, which will represent 100% of project funding, we will have a casting vote on the Galore
                Creek management committee with respect to the timing and nature of expenses to be funded. The new funding arrangements replace the arrangements agreed by us and NovaGold in November 2007, pursuant to which we had committed to spend an additional $72 million on studies to reassess the Galore Creek Project, of which $15.8 million had been spent to December 31, 2008, in addition to our share of other project costs. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b><u>COAL</u></b></font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Coal Partnership (100%)</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating results are summarized in the following table: </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="78%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months <br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Production (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,966</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5,892</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Sales (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,687</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5,758</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Average sale price</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">US$/tonne</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">204</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">96</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">C$/tonne</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">237</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">96</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Operating expenses (C$/tonne)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Cost of product sold</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">61</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">48</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Transportation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">36</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">37</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">24</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Our share of operating profit ($ millions) (note 1)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Before depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">519</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">26</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">After depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">429</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">15</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="94%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(1)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Results of Teck Coal represent our 100% direct interest commencing October 30, 2008 and 40% prior to that date.</font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">On October 30, 2008, we acquired all the assets of Fording, which primarily consisted of Fording&rsquo;s 60% interest in Teck Coal (formerly Elk Valley Coal Partnership). The transaction increased our interest in the partnership from our effective 52% to a 100% direct interest. We began to fully consolidate the results of Teck Coal from October 30, 2008. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">16</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating profit in the first quarter increased significantly to $429 million compared with $15 million in 2008. The increase was due to our increased ownership and significantly higher coal prices, which averaged US$204 per tonne in the first quarter compared with US$96 per tonne in the first quarter of 2008. Our realized Canadian dollar coal price in the quarter benefited from the weaker Canadian dollar and averaged C$237
                per tonne compared with C$96 per tonne last year. Approximately 275,000 tonnes of carryover tonnage from the 2007 coal year, 600,000 tonnes of thermal coal and 680,000 tonnes priced at the 2009 coal year prices were sold in the quarter, which reduced the average price by US$75 per tonne to US$204 per tonne in the first quarter, compared with US$96 per tonne in 2008. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Coal sales were 3.7 million tonnes in the first quarter or 36% lower than a year ago as our customers significantly reduced their coal deliveries beginning in late 2008 in response to lower steel production. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Coal production in the first quarter of 2009 was reduced to match the lower sales volume levels resulting in a 33% decrease in production to 4.0 million tonnes compared with the first quarter of 2008. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">The unit cost of product sold increased to $61 per tonne compared with $48 per tonne for the first quarter of 2008. Lower production volumes, which increase fixed costs per tonne of coal produced, and higher strip ratios contributed to the unit cost increase. The benefits of lower fuel prices and shorter haul distances in the first quarter of 2009 were generally offset by higher labour costs and the impact of British
                Columbia carbon taxes, which became effective in July, 2008. The additional waste moved in the first quarter is expected to benefit strip ratios and production costs in the remaining three quarters of 2009. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Unit transportation costs of $36 per tonne were similar to a year ago as the higher port loading costs in the first quarter of 2009, which are variable in part with average selling prices, were generally offset by lower ocean freight rates and vessel demurrage costs. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We have settled coal contracts with the majority of our customers in Asia and with some of our customers in Europe and North America for the 2009 coal year that commenced April 1. Settlement prices of US$128 per tonne for our highest quality products are consistent with prices achieved by our Australian competitors. The negotiations have also included the treatment of carryover tonnage from the 2008 coal year, which is being
                negotiated independently from the pricing on 2009 coal year tonnage. Average selling prices for the 2009 coal year will reflect a range of hard coking coal products of various qualities as well as thermal and PCI coal, which normally comprise about 10% of our coal sales volume. For the 2009 calendar year, coal sales volumes are currently expected to be in the range of 18 to 20 million tonnes. This sales volume guidance should be considered in the context of highly uncertain
                market conditions. Further decreases in steel production and demand for hard coking coal could cause 2009 sales volumes to fall short of this guidance range. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">17</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b><u>ZINC</u></b></font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Trail (100%)</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating results at the 100% level are summarized in the following table: </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="78%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months <br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Metal production</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Zinc (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">58.4</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">73.7</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Lead (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">19.3</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">25.6</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Metal sales</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Zinc (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">57.4</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">73.0</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Lead (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">17.3</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">23.7</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Power</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Surplus power sold (GW.h)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">276</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">189</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Power price (US$/MW.h)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">37</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">75</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Cost of sales ($ millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Concentrate purchases</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">158</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">254</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Operating costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">78</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">86</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Distribution costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">25</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">25</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Depreciation and amortization</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">13</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">13</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Operating profit before depreciation ($ millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Metal operations</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">20</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">64</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Power sales</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">11</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">13</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Operating profit after depreciation ($ millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Metal operations</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">10</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">55</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Power sales</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">8</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">9</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Operating profit at Trail&rsquo;s metal operations was $10 million in the first quarter compared with $55 million in the same period last year due to significantly lower zinc and lead prices. As a result of implementing zinc production curtailments in late 2008 to better match market conditions, refined zinc sales volumes decreased 21% compared with the same period a year ago. The weaker Canadian dollar partly offset the
                lower metal prices and sales volumes. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Refined lead production will not be affected by the zinc production curtailments, although production declined by 21% in the first quarter due to accretions in the continuous drossing furnace that restricted proper flows. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating profit from surplus power sales in the first quarter of $8 million was slightly lower than a year ago. As a result of the zinc production curtailments, surplus power sales volumes increased to 276 gigawatt hours from 189 gigawatt hours in the first quarter of 2008. This was </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">18</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">offset by a sharp decline in power prices, which averaged US$37 per megawatt hour compared with US$75 per megawatt hour in the same period last year </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Upper Columbia River Basin (Lake Roosevelt)</b></font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">On December 31, 2008, the EPA approved the work plan required for the assessment of site conditions which will lead to the development of a set of sampling and other plans and field work in 2009. A beach sediment sampling plan was approved in March 2009. Data from field work expected to be conducted this summer will be used to determine whether further studies are required. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Following the denial of our petition for review by the U.S. Supreme Court in January 2008, the Lake Roosevelt litigation reverted to the Federal District Court for Eastern Washington. Judgment on the first phase of the litigation dealing with issues associated with an EPA order issued in December, 2003 and withdrawn in June 2008 was delivered on September 19, 2008. All of the claims associated with the order were dismissed.
                The plaintiffs have appealed the dismissal to the 9<sup>th</sup> Circuit Court of Appeal. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">In November, 2008, Teck Cominco Metals Ltd. (&ldquo;TCML&rdquo;) filed a motion to stay the plaintiffs&rsquo; Comprehensive Environmental Response, Compensation, and Liability Act (&ldquo;CERCLA&rdquo;) cost recovery declaratory relief claim. On December 30, 2008, the Court denied the motion and discovery and briefing of the liability phase of the litigation will occur in 2009. The hearing for this phase of the litigation is
                set for October, 2010. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">On March 9, 2009, the Court granted the plaintiffs motion for an award of the costs of litigating the CERCLA enforcement proceeding. The Court certified its order for immediate appeal and we intend to appeal the decision to the 9<sup>th</sup> Circuit. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">The hearing of the plaintiffs&rsquo; claims for natural resource damages and costs has been deferred until the remedial investigation and feasibility study being conducted by TCML&rsquo;s affiliate Teck American Incorporated (&ldquo;TAI&rdquo;) under the EPA Agreement have been substantially advanced or completed. Natural resource damages (&ldquo;NRD&rdquo;) are assessed for injury to, destruction of, or loss of natural
                resources including the reasonable cost of a damage assessment. Teck American commissioned a study by recognized experts in NRD assessment in 2008. Based on the assessment performed, we estimate that the compensable value of such damage will not be material. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">There can be no assurance that TCML will ultimately be successful in its defense of the litigation or that TCML or its affiliates will not be faced with further liability in relation to this matter. Until the studies contemplated by the Agreement and additional damage assessments are completed, it is not possible to estimate the extent and cost, if any, of remediation or restoration that may be required or to assess the
                company&rsquo;s potential liability for damages. The studies may conclude, on the basis of risk, cost, technical feasibility or other grounds, that no remediation should be undertaken. If remediation is required, the cost of remediation may be material. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">19</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Red Dog (100%)</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating results at the 100% level are summarized in the following table: </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="78%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months <br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Tonnes milled (000&rsquo;s)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">790</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">775</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Zinc</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Grade (%)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">21.2</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">21.3</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Recovery (%)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">82.0</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">83.8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Production (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">137.4</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">138.5</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Sales (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">97.9</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">103.4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Lead</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Grade (%)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5.8</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">7.2</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Recovery (%)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">70.5</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">63.5</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Production (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">32.3</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">35.5</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Sales (000&rsquo;s tonnes)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Cost of sales (US$ millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Operating costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">28</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">26</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Distribution costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">19</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">18</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Royalties (NANA and State)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(2</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">29</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Depreciation and amortization</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">11</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">10</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Operating profit ($ millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Before depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">35</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">103</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">After depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">21</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">87</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Red Dog&rsquo;s operating profit, before pricing adjustments, declined to $15 million in the first quarter compared with $82 million in the same period last year due to significantly lower zinc prices. Positive pricing adjustments were $6 million in the first quarter compared with $5 million in the first quarter of 2008. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Zinc production in the first quarter of 2009 was slightly lower than last year at 137,400 tonnes, as the higher mill throughput was offset by lower mill recoveries due to the ore types processed in the quarter. Lead production declined by 9% to 32,300 tonnes as the mining of higher grade sections had taken place in the first quarter of 2008. Operating costs increased slightly from a year ago due to higher fuel and labour
                costs, while NANA royalty costs decreased significantly from a year ago due to the decline in the operating profit margin in the quarter. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We continue to work towards the approval of a Supplemental Environmental Impact Statement (&ldquo;SEIS&rdquo;) for the Aqqaluk deposit, the next ore body scheduled to be developed by Red Dog. The mine&rsquo;s effluent discharge permit is expected to be renewed in conjunction with the SEIS. In the interim, we are working with NANA and the EPA to ensure that the mine can discharge sufficient </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">20</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">water under its existing water discharge permit to maintain a safe water level in the tailings impoundment. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">At March 31, 2009 we had 120,000 tonnes of zinc in concentrate available for sale from the 2008 shipping season, excluding production inventory at site. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Other Zinc Mines</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We placed our Pend Oreille mine on care and maintenance at the end of February, 2009, due to reduced metal demand and persistent weakness in zinc prices. The mine incurred an operating loss of $2 million in the first quarter compared with a $2 million operating profit in the same period a year ago. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b><u>GOLD</u></b></font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Pogo (40%)</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Operating results at the 100% level are summarized in the following table: </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="74%">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="9%" colspan="2">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="9%" colspan="2">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Tonnes milled (000&rsquo;s)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">182</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">192</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Grade (grams/tonne)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">17.1</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">15.8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Mill recovery (%)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">82.7</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">85.5</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Production (000&rsquo;s ounces)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">91</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">83</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Sales (000&rsquo;s ounces)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">87</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">87</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Cash operating cost per ounce (US$)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">500</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">546</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Our 40% share of operating profit ($ millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Before depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">18</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">13</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">After depreciation</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">9</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">6</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Pogo&rsquo;s gold production in the first quarter was 90,800ounces compared with 83,200ounces in the same period a year ago, due to a draw down of work in process inventories.</font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Gold sales were 86,900ounces in the first quarter at an average realized price of US$914 per ounce similar to 86,600ounces and a realized price of US$919per ounce in the first quarter of 2008. Our 40% share of Pogo&rsquo;s operating profit was $9million in the first quarter compared with $6million in the same period last year. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">21</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b><u>ENERGY</u></b></font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Fort Hills Project</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Engineering studies for the mining portion of the project are underway to evaluate opportunities for cost reductions and execution efficiencies and to update the cost estimate to take into account the current market conditions. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">The regulatory hearing on the Sturgeon County upgrader was convened in the second half of 2008 and the ERCB approved the project, in January 2009, subject to conditions and the commitments made by Petro-Canada. In March 2009, the partnership announced it had reached agreement with the Government of Alberta to extend the term of the Fort Hills oil sand leases until 2019, in exchange for a commitment to upgrade in Alberta the
                bitumen produced from the second phase of the Fort Hills Project. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Petro-Canada, the operator and 60% owner of the Fort Hills project, recently announced its intention to merge with Suncor Energy Inc. and also announced layoffs in its oil sands division, the majority of which are related to the Fort Hills project. As a result of these developments, the timing of a final investment decision on this project is uncertain at this time. We continue to explore strategic alternatives in connection
                with this asset. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Frontier and Equinox Projects</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Engineering studies continue on the Equinox Project, including pilot plant test work to support the design assumptions used for both the Equinox and Frontier Projects. A Design Basis Memorandum (&ldquo;DBM&rdquo;) study is now expected to be completed on Equinox in the second quarter of 2009. The joint venture continues to advance the project through the permitting process. Engineering studies are expected to start on the
                Frontier Project in 2009. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">In February 2009 Alberta Environment issued the final terms of Reference for the Environmental Impact Assessment for both the Frontier and Equinox Oil Sand Mine Projects. This is an important step in the regulatory process and establishes the terms to complete the Environmental Impact Assessment for submission to Alberta Environment. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Other Oil Sand Leases</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">During the 2009 winter drilling season 54 core holes were completed on Leases 421, 022 and 023 (Lease 421 Area), bringing the total core holes completed to 59. Preliminary results indicate 49 of the core holes contain prospective oil sands that range in thickness from 10 to 40 metres (averaging 19 metres) with overburden thicknesses ranging from 17 to 68 metres (averaging 39 metres). Results from the core analysis for the
                2009 wells are expected to be available in the fourth quarter of 2009. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">22</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>COSTS AND EXPENSES</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Administration and general expenses were $31million in the first quarter compared with $30 million last year. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Interest expense was $137million in the first quarter compared with $20million a year earlier. The increase in interest expense is a result of the additional debt incurred to finance the acquisition of Fording. In addition, our pre-existing debt and the related interest charges were affected by the strengthening of the US dollar in the period. Our average interest rate in the period was approximately 4% as interest on the
                new debt is based on LIBOR rates which are at historically low levels. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Other expenses, net of other income, was $69 million in the first quarter compared with other income of $4 million last year. Significant items in the first quarter included foreign exchange losses totalling $244 million and a $41 million loss on our copper and other commodity derivative positions. Partly offsetting these items were gains totalling $205 million from the sale of our Lobo-Marte gold project and our investment
                in El Brocal. The non-cash foreign exchange translation loss on our debt totalled $457million, of which $241million was recorded in other income and $216million in other comprehensive income. The portion charged to other comprehensive income relates to that portion of our US dollar debt that is designated as a hedge against our investments in subsidiaries whose functional currency is the US dollar. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Non-controlling interest expense was $11million in the first quarter compared with $27million in the same period last year. The decrease was due to lower earnings from our Quebrada Blanca and Andacollo operations in which third parties hold a 23.5% and 10% interest in each property. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our provision for income taxes was reduced by $30 million as a result of the reduction of future tax rates in British Columbia, which caused us to revalue our net future tax liabilities. Before this reduction, our consolidated tax rate was 45% compared with 33% a year earlier. This increase in the effective rate is a result of higher interest charges and lower operating profits. Operating profits earned in Canada are subject
                to mineral taxes while interest and general corporate overhead are not deductible for mineral tax purposes. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Income tax pools arising out of the Fording transaction shield us from cash income taxes in Canada, but we remain subject to cash taxes in foreign jurisdictions and mineral taxes in Canada. Approximately 40% of our tax provision was deferred as a result of this and other items. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Equity Earnings</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We recorded a $1 million equity loss in the first quarter of 2009 related to care and maintenance costs from our interest in the Galore Creek Partnership. In the first quarter of 2008, we recorded equity earnings of $9million from our investment in Fording. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Discontinued Operations</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our earnings from discontinued operations relate to our Hemlo gold operations and to a price participation provision in the agreement from the sale of our Cajamarquilla zinc refinery in 2004. In February of 2009, we reached an agreement to sell our 50% interest in the Hemlo mines. The </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">23</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">transaction has an effective date of January 1, 2009 and is expected to close in the second quarter of 2009. Earnings from the Hemlo operations were $10 million, while the Cajamarquilla agreement resulted in a further gain of $2 million. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We expect that the sale of our interest in Hemlo will close in the second quarter of 2009. At that time we will receive proceeds of US$65 million, less any cash flow received from the mine since January 1, 2009. A pre-tax gain of approximately $45 million will be recorded at that time.</font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>FINANCIAL POSITION AND LIQUIDITY</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our cash position increased during the first quarter by $782million to $1.6billion at March 31, 2009. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Cash flow from operations increased significantly to $1.1 billion in the first quarter compared with $157 million a year ago primarily due to the receipt of tax refunds of approximately $801million related to our acquisition of the coal assets from Fording. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Expenditures on property, plant and equipment were $132million in the first quarter and included $64million on sustaining capital and $68million on development projects. The largest components of sustaining expenditures were at Teck Coal, Antamina and Red Dog for equipment upgrades. Development expenditures included $20million for preparatory stripping and capital equipment for Highland Valley Copper&rsquo;s mine life
                extension project and $41million on the development of the hypogene deposit at Andacollo. Investments in the first quarter totalled $232million and included $226million of funding for the Fort Hills oil sands project. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We repaid US$66 million of our bridge loan with proceeds from asset sales in the first quarter of 2009. Total debt balances were $13.3billion at March 31, 2009, of which $11.6billion (US$9.3billion) relates to the financing incurred to acquire the Fording assets. We also had bank credit facilities aggregating $1.3billion, 91% of which mature in 2012 and beyond. Our unused credit lines under these facilities after drawn
                letters of credit amounted to $1.1billion. Our senior unsecured debt is currently rated Ba3 by Moody&rsquo;s Investor Services, BB+ by Standard and Poor&rsquo;s and BBB by Dominion Bond Rating Service, all with negative outlooks. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">As of the date of this report, US$5.2billion of the bridge facility and US$4billion of the term facility are outstanding. All of the bridge facility and US$1.1billion of the term facility is due on or before October 29, 2009. We are currently in compliance with the financial covenants under our credit agreements, which require us to maintain a maximum debt to debt plus equity ratio of 60% at the end of each calendar quarter
                until it declines to 50% at September 30, 2009. At March 31, 2009, our debt to debt plus equity ratio was 54%. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Based on expected free cash flow we will not generate sufficient funds from operations to repay the entire obligation on the bridge facility that is due on October 29, 2009, and will need to generate funds from other sources to do so, or will need an extension or refinancing of the bridge loan. We are in advanced negotiations with our lenders to amend the bridge and term loan facilities in order to provide us with additional
                time to generate cash and/or access appropriate sources of long-term financing to repay these loans. There can be no assurance that these negotiations will be successful. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">24</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">Although we have approximately $1.1billion in unused credit lines under various bank credit facilities, there can be no assurance, given our current financial condition, that these credit lines will be available to us if we should need to draw on them, or that our maturing credit lines of US$50 million and miscellaneous letters of credit totalling $258 million will be renewed in the ordinary course. Our debt levels will
                constrain our capital spending and that may have an adverse effect on our operations. Our debt levels will also limit our ability to expand our operations or make other investments that would enhance our competitiveness. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our ability to repay or refinance the bridge facility prior to its maturity and make the quarterly instalment payments on the term facility depends on a number of factors, some of which are beyond our control. These include general global economic, credit and capital market conditions, and the demand for and selling price of our products, in particular, metallurgical coal. There can be no assurance that our credit ratings
                will not be downgraded further, which would further increase our costs of borrowing and further limit our ability to refinance our existing debt. There is no assurance that the expected cash flows from operations in combination with asset sales and other steps being taken will allow us to meet these obligations as they become due, or that we will continue to meet the financial covenants under our various lending agreements. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>COMPREHENSIVE INCOME</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We recorded comprehensive income of $359million in the first quarter, comprising $241million of a regular net earnings and $118million of other comprehensive income. The most significant components of other comprehensive earnings in the quarter was mark-to-market gains of $61million on our portfolio of available-for-sale marketable securities. These marketable securities consist primarily of investments in publicly traded
                companies with whom we partner in exploration or development projects. Currency translation gains and losses are held in accumulated other comprehensive income, net of taxes, until they are realized, at which time they are included in net earnings. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>OUTLOOK</b></font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">The information below is in addition to the disclosure concerning specific operations included above in the Operations and Corporate Development sections of this document. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>General Economic Conditions</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Exchange traded commodity prices, including base metals, have improved significantly in recent months, but remain significantly lower than a year ago. Volatility in these markets has also declined in the quarter. It is difficult in these conditions to forecast commodity prices or customer demand for our products. Credit market conditions have also increased the cost of obtaining capital and limited the availability of funds.
                </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Capital Expenditures</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our capital expenditures for the remainder of 2009, excluding the Fort Hills project, are expected to be approximately $370 million, including $190 million of sustaining capital expenditures and $180 million on development projects. Our development expenditures estimate of $180 million includes $135 million for Andacollo&rsquo;s hypogene project and $45 million </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">25</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">for Highland Valley&rsquo;s mine expansion. We also expect to spend approximately $100 million on our share of costs for the Fort Hills oil sands project in the remainder of 2009. We continue to review our discretionary capital spending in light of current market conditions and our debt reduction targets. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Financing and Exchange Rates</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">In order to finance the Fording transaction we arranged debt financing of US$9.8 billion, of which US$9.3 billion is outstanding. Interest charges on these facilities are based on LIBOR or US prime rates and our credit rating. The additional debt has resulted in a substantial increase in our existing interest expense. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our US dollar denominated debt will be subject to revaluation based on changes in the Canadian/US dollar exchange rate. We have designated approximately one-half of our US dollar denominated debt as a hedge against our US dollar denominated foreign operations. As a result, approximately 50% of any foreign exchange gains or losses arising on our debt will be recorded in net earnings with the remainder in other comprehensive
                income. The earnings impact of these revaluations will be reduced as we pay down the debt, although exchange rate fluctuations will also affect our debt to equity ratio and our interest expense. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>ADOPTION OF NEW ACCOUNTING STANDARDS</b></font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Goodwill and Intangible Assets</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">In February 2008, the Canadian Institute of Chartered Accountants (&ldquo;CICA&rdquo;) issued Section 3064, &ldquo;Goodwill and Intangible Assets,&rdquo; which replaces Section 3062, &ldquo;Goodwill and Other Intangible Assets.&rdquo; This new standard provides guidance on the recognition, measurement, presentation and disclosure of goodwill and intangible assets. Concurrent with the adoption of this standard, CICA Emerging
                Issues Committee Abstract 27, &ldquo;Revenues and Expenditures in the Pre-operating Period,&rdquo; (&ldquo;EIC-27&rdquo;) was withdrawn. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">The standard is effective for our fiscal year beginning January 1, 2009. Adoption of this standard did not have a significant impact on our financial statements. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Credit Risk and Fair Value of Financial Assets and Liabilities</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">In January 2009, the CICA issued EIC-173, &ldquo;Credit Risk and the Fair Value of Financial Assets and Financial Liabilities.&rdquo; The EIC provides guidance on how to take into account credit risk of an entity and counterparty when determining the fair value of financial assets and financial liabilities, including derivative instruments. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">This standard is effective for our fiscal year beginning January 1, 2009 with retrospective application. The application of this EIC did not have a significant effect on our financial statements. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">26</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Mining Exploration Costs</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">In March 2009, the CICA issued EIC-174, &ldquo;Mining Exploration Costs.&rdquo; The EIC provides guidance on accounting for capitalization and impairment of exploration costs. This standard is effective for our fiscal year beginning January 1, 2009. The application of this EIC did not have an effect on our financial statements. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>International Financial Reporting Standards (IFRS) changeover plan</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Canadian GAAP for publicly listed entities will convert to International Financial Reporting Standards (&ldquo;IFRS&rdquo;) on January 1, 2011. The transition from Canadian GAAP to IFRS is a significant undertaking, and as such, we have established a detailed plan for the conversion and hired a project manager to lead this process. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We have identified four phases to our conversion: scoping and planning, detailed assessment, implementation and post implementation. The scoping and planning phase involves establishing a project team and organizational structure, including oversight of the process; this includes a project charter, project management plan, stakeholder analysis and communication strategy. This phase also entails an initial assessment of the
                key areas where IFRS transition may have a significant impact and present significant challenges. This scoping and planning phase is substantially complete. The second phase, detailed assessment, involves in-depth technical analysis that will result in understanding potential impacts, decisions on accounting policy choices and the drafting of accounting policies. In addition this will result in identifying resource and training requirements, processes for preparing financial
                statements, establishing IT system requirements and preparing detailed transition plans. We are currently completing this phase and expect to complete this detailed technical analysis by end of third quarter of 2009. The implementation phase will identify and carry out the implementation requirements to effect management&rsquo;s accounting choices, develop sample financial statements, implement business and internal control requirements, calculate the opening balance sheet at
                January 1, 2010 and other transitional reconciliations and disclosure requirements. The last phase of post implementation will involve continuous monitoring of changes in IFRS throughout the implementation process in 2011 and later as the Roadmap for US consideration for adopting IFRS is established. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We are developing our IFRS competencies by addressing training requirements at various levels of the organization. These sessions are ongoing and are provided by external advisors. We will continually assess resource and training requirements as the project progresses. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>FINANCIAL INSTRUMENTS AND DERIVATIVES</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We hold a number of financial instruments and derivatives, the most significant of which are marketable securities, foreign exchange forward sales contracts, fixed price forward metal sales contracts and settlements receivable. The financial instruments and derivatives are all recorded at fair values on our balance sheet with gains and losses in each period included in other comprehensive income, net earnings from continuing
                operations and net earnings from discontinued operations as appropriate. Some of our gains and losses on metal-related financial instruments are affected by smelter price participation and are taken into account in determining </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="right" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">27</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">royalties and other expenses. All are subject to varying rates of taxation depending on their nature and jurisdiction. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">The after-tax effect of financial instruments on our net earnings for the following periods is set out in the table below: </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="73%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom" colspan="2">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom" colspan="2">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom" colspan="2">
                            <p><font face="Times New Roman, Times, Serif" size="2">Price adjustments</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">On prior quarter sales</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">14</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">50</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">On current quarter sales</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">29</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">24</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">43</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">74</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom" colspan="3">
                            <p><font face="Times New Roman, Times, Serif" size="2">Other financial instruments</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Derivatives gains (losses)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(26</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(2</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Cajamarquilla sale price participation<br>
                            (discontinued operations)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom" colspan="2">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(24</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom" colspan="2">
                            <p><font face="Times New Roman, Times, Serif" size="2">Total</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">19</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">74</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2"><b>QUARTERLY EARNINGS AND CASH FLOW</b> </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="25%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="4%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="4%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="4%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="1">(in millions, except for share data)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>2009</b></font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="11">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="11">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">2007</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="FONT-SIZE: 1px">
                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" bgcolor="#f3f3f3" colspan="2">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" bgcolor="#f3f3f3">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="11">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="11">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="11">&nbsp;</td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Q1</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom" bgcolor="#f3f3f3">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Q4</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Q3</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Q2</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Q1</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Q4</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Q3</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Q2</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Q1</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="FONT-SIZE: 1px">
                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" bgcolor="#f3f3f3" colspan="2">&nbsp;</td>

                        <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" bgcolor="#f3f3f3">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="11">&nbsp;</td>

                        <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="11">&nbsp;</td>

                        <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="11">&nbsp;</td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Revenues</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">&nbsp;$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,708</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,634</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,773 </font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,836</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,542</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,501</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,905</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,533</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,309</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Operating profit</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">636</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">195</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">685</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">875</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">611</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">454</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">898</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">768</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">622</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Net earnings (loss)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">241</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(607</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">424</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">497</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">345</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">280</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">490</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">485</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">360</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Earnings (loss) per share</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.50</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(1.28</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.95</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.12</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.78</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.64</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.15</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.14</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.83</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Cash flow from operations</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,127</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">595</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">869</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">492</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">157</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">602</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">808</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">192</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">149</font></p>
                        </td>

                        <td style="BORDER-RIGHT: black 1px solid" valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr style="FONT-SIZE: 1px">
                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" bgcolor="#f3f3f3" colspan="2">&nbsp;</td>

                        <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" bgcolor="#f3f3f3">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="11">&nbsp;</td>

                        <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                        <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="11">&nbsp;</td>

                        <td style="BORDER-RIGHT: black 1px solid; BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="11">&nbsp;</td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2"><b>OUTSTANDING SHARE DATA</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">On April 17, 2009 there were 477,556,086 Class B subordinate voting shares and 9,353,470 Class A common shares outstanding. In addition, there were 6,538,530 director and employee stock options outstanding with exercise prices ranging between $4.15 and $49.17 per share. More information on these instruments and the terms of their conversion is set out in Note 15 of our 2008 year end financial statements. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>INTERNAL CONTROL OVER FINANCIAL REPORTING</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our management is responsible for establishing and maintaining adequate internal control over financial reporting. Any system of internal control over financial reporting, no matter how well designed, has inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. There have been no changes in our
                internal control over financial reporting during </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">28</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">the quarter ended March 31, 2009 that have materially affected, or are reasonably likely to materially affect, internal control over financial reporting.</font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws. All statements other than statements of historical fact are forward looking statements. These forward-looking statements, principally under the heading &ldquo;Outlook,&rdquo; but also elsewhere in this document, include estimates, forecasts, and statements as to management&rsquo;s
                expectations with respect to, among other things, our future earnings and cash flow, our plans to reduce our outstanding indebtedness and the expected impact of steps that we have taken to reduce spending, potential sources of funds to repay indebtedness, our planned sales of assets, discussions with our lenders, the future availability of unused credit lines, the possibility that we will breach our debt covenants, expected progress and costs of our Andacollo concentrate
                project, the sensitivity of our earnings to changes in commodity prices and exchange rates, the potential impact of transportation and other potential production disruptions, the impact of currency exchange rates, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital expenditures and mine production costs, demand and market outlook for commodities, future commodity prices and treatment and refining charges, the
                settlement of coal contracts with customers, the outcome of mine permitting currently underway, our assessment of the quantum of potential natural resource damages in connection with the Upper Columbia River Basin and the outcome of legal proceedings involving the company. These forward-looking statements involve numerous assumptions, risks and uncertainties and actual results may vary materially. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general business and economic conditions, interest rates, the supply and demand for, deliveries of, and the level and volatility of prices of, zinc, copper, coal and gold and other primary metals and minerals as well as oil, and related products, the timing of the receipt of regulatory and governmental approvals for
                our development projects and other operations, our costs of production and production and productivity levels, as well as those of our competitors, power prices, market competition, the accuracy of our reserve estimates (including with respect to size, grade and recoverability) and the geological, operational and price assumptions on which these are based, conditions in financial markets and the future financial performance of the company. The foregoing list of assumptions is
                not exhaustive. Events or circumstances could cause actual results to vary materially </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Factors that may cause actual results to vary materially include, but are not limited to, changes in commodity and power prices, changes in interest and currency exchange rates, acts of foreign governments and the outcome of legal proceedings, inaccurate geological and metallurgical assumptions (including with respect to the size, grade and recoverability of mineral reserves and resources), unanticipated operational
                difficulties (including failure of plant, equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, adverse weather conditions and unanticipated events related to health, safety and environmental matters), political risk, social unrest, failure of customers or counterparties to
                perform their contractual obligations, the additional costs and covenants associated with the refinancing of our existing indebtedness, the results of our ongoing efforts to sell assets, further changes in our credit ratings, and changes or further deterioration in general economic conditions or continuation of current severe disruptions in credit and financial markets. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">29</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <p><font face="Times New Roman, Times, Serif" size="2">Statements concerning future production costs or volumes, and the sensitivity of the company&rsquo;s earnings to changes in commodity prices and exchange rates are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, that operating and capital plans will not be
                disrupted by issues such as mechanical failure, unavailability of parts and supplies, labour disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are no material unanticipated variations in the cost of energy or supplies. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We assume no obligation to update forward-looking statements except as required under securities laws. Further information concerning risks and uncertainties associated with these forward looking statements and our business can be found in our Annual Information Form for the year ended December 31, 2008, filed on SEDAR and on EDGAR under cover of Form 40F. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>WEBCAST</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Teck will host an Investor Conference Call to discuss its Q1/2009 financial results at 11:00 AM Eastern time, 8:00 AM Pacific time, on <b>Tuesday, April 21, 2009</b>. A live audio webcast of the conference call, together with supporting presentation slides, will be available at the company&rsquo;s website at <u>www.teck.com.</u> The webcast is also available at <u>www.earnings.com.</u> The webcast will be archived at
                <u>www.teck.com.</u></font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">30</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <div>
                    <font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b><br>
                    Consolidated Statements of Earnings<br>
                    (Unaudited) </font>
                </div>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="72%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="3%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="1%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="9%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="3%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="1%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="9%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="1%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions, except for share data)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>2009</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Revenues</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>1,708</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,542</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Operating expenses</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(873</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(826</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>835</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">716</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Depreciation and amortization</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(199</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(105</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Operating profit</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>636</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">611</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Other expenses</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">General and administration</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(31</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(30</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Interest and financing (Note 10)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(137</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(20</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Exploration</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(11</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(19</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Research and development</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(6</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(8</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Other income (expense) (Note 11)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(69</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Earnings before the undernoted items</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>382</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">538</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Provision for income and resource taxes</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(141</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(176</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Non-controlling interests</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(11</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(27</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Equity earnings (loss)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(1</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">9</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Net earnings from continuing operations</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>229</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">344</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Net earnings from discontinued operations</b> (Note 4)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>12</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Net earnings</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>241</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">345</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Earnings per share</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Basic</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>0.50</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.78</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Basic from continuing operations</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>0.47</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.78</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Diluted</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>0.50</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.78</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Diluted from continuing operations</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>0.47</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.77</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Weighted average shares outstanding</b> (millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>486.9</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">442.7</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Shares outstanding at end of period</b> (millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>486.9</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">442.9</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">The accompanying notes are an integral part of these financial statements.</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">31</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <div>
                    <font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> <br>
                    Consolidated Statements of Cash Flows<br>
                    (Unaudited) </font>
                </div>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="72%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="3%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="1%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="9%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="3%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="1%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="9%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="1%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>2009</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Operating activities</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Net earnings from continuing operations</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>229</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">344</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Items not affecting cash</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Depreciation and amortization</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>199</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">105</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Provision for future income and resource taxes</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>58</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">9</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Equity (earnings) loss</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>1</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(9</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Non-controlling interests</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>11</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">27</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Gain on sale of investments and assets</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(205</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(1</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Unrealized foreign exchange losses on debt</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>244</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">7</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Other</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>23</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">10</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Distributions received from equity accounted investments</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>&mdash;</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">15</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>560</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">507</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Net change in non-cash working capital items</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>567</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(350</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>1,127</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">157</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Investing activities</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Property, plant and equipment</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(132</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(130</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Investment in oil sands and other assets</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(232</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(203</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Proceeds from the sale of investments and assets</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>95</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Increase in temporary investments</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(2</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(271</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(331</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Financing activities</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Repayment of debt</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(82</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(31</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Repayment of capital leases</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(9</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Issuance of Class B subordinate voting shares</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>&mdash;</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Dividends paid</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>&mdash;</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(221</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Distributions to non-controlling interests</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(13</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(104</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(250</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Effect of exchange rate changes on cash and cash equivalents held in U.S. dollars</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>17</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">36</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Increase (decrease) in cash and cash equivalents from continuing operations</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>769</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(388</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Cash received from discontinued operations (Note 4)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>13</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">40</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Increase (decrease) in cash and cash equivalents</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>782</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(348</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Cash and cash equivalents at beginning of period</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>850</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,408</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Cash and cash equivalents at end of period</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>1,632</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,060</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="8">
                            <p><font face="Times New Roman, Times, Serif" size="2">Supplemental cash flow information (Note 13)</font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">The accompanying notes are an integral part of these financial statements</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">32</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <div>
                    <font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b><br>
                    Consolidated Balance Sheets<br>
                    (Unaudited)</font>
                </div>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="66%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="3%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="1%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="11%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="3%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="1%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="14%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="1%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>March 31,<br>
                            2009</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">December 31,<br>
                            2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>ASSETS</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Current assets</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Cash and cash equivalents</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>1,632</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">850</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Temporary and short-term investments</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>139</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">11</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Income taxes receivable</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>258</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,130</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Accounts receivable</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>635</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">769</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Inventories</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>1,415</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,339</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>4,079</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">4,099</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Investments</b> (Note 5)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>1,235</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">948</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Property, plant and equipment</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>24,020</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">23,909</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Other assets</b> (Note 6)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>882</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">853</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Goodwill</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>1,754</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,724</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>31,970</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">31,533</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>LIABILITIES AND SHAREHOLDERS&rsquo; EQUITY</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Current liabilities</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Accounts payable and accrued liabilities</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>1,018</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,506</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Short-term debt</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>6,577</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">6,436</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Current portion of long-term debt</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>1,851</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,336</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>9,446</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">9,278</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Long-term debt</b> </font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>4,849</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5,102</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Other liabilities</b> (Note 7)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>1,202</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,184</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Future income and resource taxes</b> </font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>5,106</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">4,965</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Non-controlling interests</b> </font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>105</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">104</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Shareholders&rsquo; equity</b> (Note 8) </font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>11,262</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">10,900</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>31,970</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">31,533</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <div>
                    <font face="Times New Roman, Times, Serif" size="2"><b>Contingencies</b> (Note 15)<br>
                    <b>Subsequent events</b> (Notes 2, 4 and 14)</font>
                </div>

                <p><font face="Times New Roman, Times, Serif" size="2">The accompanying notes are an integral part of these financial statements</font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">33</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <div>
                    <font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited<br>
                    </b>Consolidated Statements of Shareholders&rsquo; Equity<br>
                    (Unaudited) </font>
                </div>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="72%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="3%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="1%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="9%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="3%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="1%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="9%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" width="1%">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn$ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>2009</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Share capital</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Class A common shares</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>7</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">7</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Class B subordinate voting shares</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>5,072</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,276</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>5,079</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,283</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Contributed surplus</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>85</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">73</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Accumulated comprehensive income</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Retained earnings at beginning of period</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>5,476</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5,038</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Net earnings</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>241</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">345</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Retained earnings at end of period</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>5,717</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5,383</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Accumulated other comprehensive income (loss) (Note 9)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>381</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(576</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>6,098</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">4,807</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>11,262</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">8,163</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Consolidated Statements of Comprehensive Income</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="5">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>2009</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Net earnings</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>241</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">345</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Other comprehensive income (loss) in the period</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Currency translation adjustment:</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Unrealized gains (losses)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>219</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">184</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Exchange differences on debt designated as hedge of self-sustaining foreign subsidiaries</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(186</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(49</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>33</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">135</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Available-for-sale instruments:</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Unrealized gains (losses) (net of taxes of $7 and $6)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>61</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(43</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Derivatives designated as cash flow hedges:</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Unrealized gains (losses) (net of taxes of ($5) and $nil)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>(17</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>)</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 25.9pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Losses reclassified to net earnings on realization (net of tax of $26 and $1)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>41</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>24</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Total other comprehensive income</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>118</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">95</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Comprehensive income</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>$</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2"><b>359</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">440</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">The accompanying notes are an integral part of these financial statements.</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">34</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="2">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited<br>
                            </b>Notes to Consolidated Financial Statements <br>
                            (Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>1.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>BASIS OF PRESENTATION</b> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Our interim consolidated financial statements have been prepared in accordance with Canadian Generally Accepted Accounting Principles (&ldquo;GAAP&rdquo;) using standards for interim financial statements and do not contain all of the information required for annual financial statements. Our statements follow the same accounting policies and methods of application as our most recent annual financial statements, except as
                described in Note 3. Accordingly, they should be read in conjunction with our most recent annual financial statements. All dollar amounts are disclosed in Canadian currency unless otherwise noted. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Certain comparative figures have been reclassified to conform to the presentation adopted for the current period. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>2.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>LIQUIDITY RISK</b> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Our consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and liabilities in the normal course of business. Liquidity risk is the risk that we will not be able to meet our financial obligations as they become due. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">On September 30, 2008, we entered into the definitive financing agreements related to the bridge and term loan facilities and the conditions precedent to our purchase of Fording&rsquo;s assets and our lenders&rsquo; funding obligations were substantially satisfied. Our original plan for the acquisition was to refinance a substantial portion of the acquisition facilities prior to or shortly after closing of the transaction
                with various types of long-term debt and to repay the balance with cash flow from operating activities prior to the maturity of the term facility. In the fourth quarter of 2008 and prior to the closing of the transaction, conditions in the credit markets deteriorated substantially, effectively closing the credit markets to us. These credit market conditions had a serious impact on the global economy, which has contributed to a significant and rapid decline in the demand for and
                selling price of the products we produce. As a result of these conditions, our credit ratings were lowered and our share price is substantially lower than it was prior to the purchase of the Fording assets. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Current weak global economic conditions and the downgrades in our credit ratings make access to the credit and capital markets difficult for us, which may compromise our ability to repay or refinance all or a portion of the acquisition loans as they become due. We are currently in compliance with the financial covenants under our credit agreements, which require us to maintain a maximum debt to debt plus equity ratio of 60%
                at the end of each calendar quarter until it declines to 50% at September 30, 2009. At March 31, 2009, our debt to debt plus equity ratio was 54%. Based on expected free cash flow we will not generate sufficient funds from operations to repay the entire obligation on the bridge facility that is due on October 29, 2009, and will need to generate funds from other sources to do so, or will need an extension or refinancing of the bridge loan. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">To address our near-term liquidity requirements, we have taken a number of steps to assist us in meeting our repayment obligations, including suspending the dividends on our Class A common and Class B subordinate voting shares, reducing capital and discretionary spending, closing unprofitable operations and reducing the size of our global workforce by approximately 13%. To date we have sold our interest in the Lobo-Marte
                gold property generating US$141 million of cash, sold our El Brocal zinc property for US$35 million and announced the sales of our Hemlo gold </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">35</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="100%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Notes to Consolidated Financial Statements </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>2.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>LIQUIDITY RISK, continued</b> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">operations for expected proceeds of US$65 million, less any cash flow received since January 1, 2009 and a 75% interest in the gold production from our Andacollo mine. Andacollo is expected to receive US$218 million in cash and 1.2 million common shares of Royal Gold, Inc. We are in various stages of advanced negotiations and discussions with respect to the sale of other non-core assets. There can be no assurance that we
                will be able to complete further asset sales on a timely basis. We are also in advanced negotiations with our lenders to amend the bridge and term loan facilities that would provide us with additional time to generate cash and/or access appropriate sources of long-term financing to repay these loans. There can be no assurance that these negotiations will be successful. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Although we have approximately $1.1 billion in unused credit lines under various bank credit facilities, there can be no assurance, given our current financial condition, that these credit lines will be available to us if we should need to draw on them, or that our maturing credit lines of US$50 million and miscellaneous letters of credit totalling $258 million will be renewed in the ordinary course. Our debt levels will
                constrain our capital spending and that may have an adverse effect on our operations. Our debt levels will also limit our ability to expand our operations or make other investments that would enhance our competitiveness. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">In a cyclical industry such as ours, history has shown that periodic spikes in commodity prices can result in substantial increases in a company&rsquo;s cash flow. Many of our major operations are long-lived assets with significant reserves and resources, which have lives exceeding 20+ years based on current production levels. We believe that our access to financial resources through capital markets transactions has been
                limited mainly due to difficult capital markets conditions. Accordingly, there is some risk that the steps described above will not be successful in allowing us to meet our obligations, which may require us to sell core assets or take steps to raise equity capital, which may have a material adverse effect on our business and on the market prices of our equity and debt securities. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Our ability to repay or refinance the bridge facility prior to its maturity and make the quarterly instalment payments on the term facility depends on a number of factors, some of which are beyond our control. These include general global economic, credit and capital market conditions, and the demand for and selling price of our products, in particular, metallurgical coal. There can be no assurance that our credit ratings
                will not be downgraded further, which would further increase our costs of borrowing and further limit our ability to refinance our existing debt. There is no assurance that the expected cash flows from operations in combination with asset sales and other steps being taken will allow us to meet these obligations as they become due, or that we will continue to meet the financial covenants under our various lending agreements. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">36</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="100%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Notes to Consolidated Financial Statements </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>3.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>ADOPTION OF NEW ACCOUNTING STANDARDS</b></font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="2">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Goodwill and Intangible Assets</b></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">In February 2008, the Canadian Institute of Chartered Accountants (&ldquo;CICA&rdquo;) issued Section 3064, &ldquo;Goodwill and Intangible Assets,&rdquo; which replaces Section 3062, &ldquo;Goodwill and Other Intangible Assets.&rdquo; This new standard provides guidance on the recognition, measurement, presentation and disclosure of goodwill and intangible assets. Concurrent with the adoption of this standard, CICA Emerging
                Issues Committee Abstract 27, &ldquo;Revenues and Expenditures in the Pre-operating Period,&rdquo; (&ldquo;EIC-27&rdquo;) was withdrawn. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">The standard is effective for our fiscal year beginning January 1, 2009. Adoption of this standard did not have a significant effect on our financial statements. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Credit Risk and Fair Value of Financial Assets and Liabilities</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">In January 2009, the CICA issued EIC-173, &ldquo;Credit Risk and the Fair Value of Financial Assets and Financial Liabilities.&rdquo; The EIC provides guidance on how to take into account credit risk of an entity and counterparty when determining the fair value of financial assets and financial liabilities, including derivative instruments. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">This standard is effective for our fiscal year beginning January 1. Adoption of this EIC did not have a significant effect on the company&rsquo;s financial statements. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Mining Exploration Costs</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">In March 2009, the CICA issued EIC-174, &ldquo;Mining Exploration Costs.&rdquo; The EIC provides guidance on the accounting and the impairment review of exploration costs. This standard is effective for our fiscal year beginning January 1, 2009. The application of this EIC did not have an effect on the company&rsquo;s financial statements. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">37</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="100%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Notes to Consolidated Financial Statements </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>4.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>DISPOSITIONS AND DISCONTINUED OPERATIONS</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">a)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Dispositions </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><u>Lobo-Marte</u> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">In January 2009, we sold our 60% interest in the Lobo-Marte gold project in Chile to Kinross Gold Corporation (&ldquo;Kinross&rdquo;) for US$40 million in cash and approximately 5.6 million Kinross common shares valued at US$97 million at the date of the sale. We also received a 1.75% net smelter return royalty, which shall not exceed US$40 million, in respect of 60% of the gold produced from Lobo-Marte payable
                            when gold prices on the London Metal Exchange exceed US$760 per ounce. A pre-tax gain of C$160 million was realized on the transaction. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">In April 2009, we sold the 5.6 million Kinross shares for US$101 million for an additional pre-tax gain of C$11 million. At March 31, 2009, the Kinross shares are classified as short-term investments. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><u>El Brocal</u> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">In February, 2009 we sold our indirect interest in Sociedad Minera El Brocal S.A.A. for US$35 million. A pre-tax gain of C$45 million was realized and included in other income (expense). </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><u>Andacollo Gold Stream</u> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">On April 6, 2009, Compa&ntilde;ia Minera Carmen de Andacollo announced the sale of an interest in the gold production from the Andacollo mine to Royal Gold, Inc. (&ldquo;Royal Gold&rdquo;). Based on Royal Gold&rsquo;s recent common stock offering, proceeds to Andacollo are expected to be approximately US$218 million and 1.2 million common shares of Royal Gold, assuming the underwriters&rsquo; over-allotment
                            option is not exercised. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Royal Gold will be entitled to payment based on 75% of the payable gold produced until total cumulative production reaches 910,000 ounces of gold, and 50% thereafter. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Closing is subject to customary conditions and is expected to occur in the second quarter of 2009. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">The proceeds received will be accounted for as deferred revenue and amortized to revenue based on the gold sold over the life of the Andacollo concentrate project. Accordingly, no gain or loss will be recorded for this transaction. </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">38</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="100%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Notes to Consolidated Financial Statements </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>4.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>DISPOSITIONS AND DISCONTINUED OPERATIONS, (continued)</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">b)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Discontinued Operations </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><u>Hemlo mines</u></font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">In February 2009, we announced the sale of our interest in the Williams and David Bell (&ldquo;Hemlo&rdquo;) mines for US$65 million, less any cash flow received since January 1, 2009, to an affiliate of Barrick Gold Corporation. Closing is subject to customary conditions, including receipt of regulatory approvals and is expected to occur in the second quarter. An estimated pre-tax gain of C$45 million will be
                            recognized upon closing. Cash proceeds will be adjusted by the excess of revenues from gold sales over cash provided to the mines since January 1, 2009. As a result of the pending sale, the Hemlo operations have been classified as discontinued operations in these financial statements.</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Selected financial information of discontinued operations, including Hemlo and Cajamarquilla (Note 14(d)), in the consolidated financial statements include:</font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table style="MARGIN-LEFT: 4%" cellspacing="0" cellpadding="0" width="96%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="66%">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="14%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="8">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months ended<br>
                            March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Earnings from discontinued operations</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Revenue</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">49</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">29</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Cost of sales</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(33</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(26</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Other income (expense)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(3</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Income taxes</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(7</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Net earnings</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">12</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Cash flows of discontinued operations</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Operating activities</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">14</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">42</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Investing activities</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(1</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(2</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Financing activities</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">13</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">40</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">March 31,</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">December 31,</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Assets and liabilities classified as held-for-sale</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Current assets</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">26</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">30</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Property, plant and equipment</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">34</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">37</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Accounts payable and accrued liabilities</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(11</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(13</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Other liabilities</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(35</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(29</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Net assets</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">14</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">25</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">39</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="100%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Notes to Consolidated Financial Statements </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>5.</b> </font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>INVESTMENTS</b></font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="68%">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="12%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">March 31,</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">December 31,</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Available-for-sale investments:</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Marketable securities</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">161</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">104</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Investments accounted for under the equity method:</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Galore Creek Partnership (50% interest)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">303</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">299</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Fort Hills Energy Limited Partnership (20% interest)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">771</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">545</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,074</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">844</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,235</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">948</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="4%">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>6.</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>OTHER ASSETS</b></font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="68%">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="12%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">March 31,</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">December 31,</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Pension assets</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">243</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">241</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Future income and resource tax assets</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">383</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">357</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Derivative assets, net of current portion of $41 million</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">13</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">21</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Long-term deposits</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">26</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">25</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Long-term receivables</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">122</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">120</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Other</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">95</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">89</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">882</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">853</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="4%">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>7.</b></font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>OTHER LIABILITIES</b></font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="68%">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="12%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">March 31,</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">December 31,</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Asset retirement obligations</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">670</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">653</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Other environmental and post-closure costs</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">108</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">108</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Pension and other employee future benefits</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">309</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">305</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Long-term contract obligations</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">65</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">76</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Other</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">50</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">42</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,202</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,184</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">40</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="100%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Notes to Consolidated Financial Statements </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>8.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>SHAREHOLDERS&rsquo; EQUITY</b> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2"><b>Stock-based compensation</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">During the quarter, we granted 2,342,750 Class B subordinate voting share options to employees. These options have a weighted exercise price of $4.15, a term of 10 years and vest in equal amounts over 3 years. The weighted average fair value of Class B subordinate voting share options issued was estimated at $2.30 per share option at the grant date using the Black-Scholes option-pricing model. The option valuations were
                based on an average expected option life of 4.25 years, a risk-free interest rate of 2.09%, a dividend yield of 2.0% and an expected volatility of 74%. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">During the quarter, we issued 2,686,544 deferred and restricted share units to employees and directors. Deferred and restricted share units issued vest immediately for directors and vest in three years for employees. The total number of deferred and restricted share units outstanding at March 31, 2009 was 3,779,080. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">Stock-based compensation expense of $8 million (2008 - $11 million) was recorded for the three months ended March 31, 2009 in respect of all outstanding share options and units. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>9.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)</b> </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="70%">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" colspan="6">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31,</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Accumulated other comprehensive income (loss) at beginning of period</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">263</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(671</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Other comprehensive income for the period</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">118</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">95</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Accumulated other comprehensive income (loss) at end of period</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">381</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(576</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">The components of accumulated other comprehensive income are: </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="68%">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="12%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">March 31,</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">December 31,</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Currency translation adjustment</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">341</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">308</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Unrealized gains (losses) on investments (net of tax of $(8) and $(1))</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">55</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(6</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Unrealized gains (losses) on cash flow hedges (net of tax of $7 and $28)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(15</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(39</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">381</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">263</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">41</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="100%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Notes to Consolidated Financial Statements </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>10.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>INTEREST AND FINANCING COSTS</b></font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="71%">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" colspan="6">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Interest expense</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">107</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">23</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Amortization of financing fees</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">40</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Less amounts capitalized</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(10</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(3</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">137</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">20</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>11.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>OTHER INCOME (EXPENSE)</b> </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="71%">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Gain on sale of investments and assets</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">205</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Foreign exchange losses on debt</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(244</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(7</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Derivative gain (losses)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(41</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Interest income</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">4</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">12</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Reclamation for closed properties</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(2</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(3</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Restructuring</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(25</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Other</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">34</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(2</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(69</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">4</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>12.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>EMPLOYEE FUTURE BENEFITS EXPENSE</b> </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="71%">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" colspan="6">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Pension plans</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">17</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Post-retirement benefit plans</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">6</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">23</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">16</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">42</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="100%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Notes to Consolidated Financial Statements </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>13.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>SUPPLEMENTARY CASH FLOW INFORMATION</b> </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="77%">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="7%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="7%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" colspan="6">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="6">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months<br>
                            ended March 31</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Income and resource taxes paid (received), net</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(804</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">208</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Interest paid</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">122</font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">13</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top" bgcolor="#f3f3f3">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>14.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>ACCOUNTING FOR FINANCIAL INSTRUMENTS</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top" colspan="2">
                            <p><font face="Times New Roman, Times, Serif" size="2">Our derivative positions at March 31, 2009 are as follows:</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">a)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Forward sales and purchase contracts </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table style="MARGIN-LEFT: 4%" cellspacing="0" cellpadding="0" width="96%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="28%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="3%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="10%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">2009</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">2010</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">2011</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Total</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="2">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">Fair Value</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Zinc</b> (millions of lbs)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="14">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(C$ in millions</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Fixed forward sales contracts</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">48</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">57</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">57</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">162</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Average price (US$/lb)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.72</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.67</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.63</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.67</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">9</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Zinc</b> (millions of lbs) (i)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Fixed forward purchase contracts</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">17</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">17</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Average price (US$/lb)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.52</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">0.52</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(2</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Gold</b> (thousands of ozs)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Forward sales contracts</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">33</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">33</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Average price (US$/oz)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">350</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">350</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(23</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>US dollars</b> (millions of $)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Forward sales contracts</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">39</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">39</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Average rate (US$/C$)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.02</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.02</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(10</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Copper</b> (millions of pounds)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Forward sales contracts</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">45</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">45</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Average price (US$/lb)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.69</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1.69</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(8</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(34</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">i.</font></p>
                        </td>

                        <td valign="top">
                            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From time-to-time, certain customers purchase refined metal products at fixed forward prices from the company&rsquo;s smelter and refinery operations. The forward purchase commitments for these metal products are matched to these fixed price sales commitments to customers. </font></p>
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">43</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i></font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="100%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Notes to Consolidated Financial Statements </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">In April 2009, we entered into forward sales contracts to fix the copper price for a portion of our copper sales. These contracts, totalling 38 million pounds, are at an average price of US$2.05 per pound and mature at varying dates to July, 2009. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>14.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>ACCOUNTING FOR FINANCIAL INSTRUMENTS, continued</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">b)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Interest Rate Swap </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">We have an interest rate swap on our long-term debt whereby we have swapped a 7% interest rate on US$100 million to LIBOR plus 2.14%. The interest rate swap matures in September 2012 and has a fair value gain of $12 million as at March 31, 2009. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">c)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Pricing Adjustments </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Sales of metals in concentrates are recognized in revenue on a provisional pricing basis when title transfers and the rights and obligations of ownership pass to the customer, which usually occurs on shipment. However, the final pricing for the product sold is not determined at that time as it is contractually linked to market prices at a subsequent date. These arrangements have the characteristics of a
                            derivative instrument as the value of our receivable will vary as prices for the underlying commodities vary in the metal markets. The net income impact of gains and losses on these financial instruments is mitigated by smelter price participation, royalty interests, taxes and non-controlling interests. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">d)</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Cajamarquilla </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">As a result of the sale of our Cajamarquilla zinc refinery in 2004, we are entitled to additional consideration linked to the price of zinc. This zinc price participation expires in 2009 and is considered an embedded derivative. This instrument is valued based on discounted cash flows using a zinc forward price curve, US dollar forward price and our credit adjusted, risk-free interest rate. A $2 million gain
                            (2008 - $2 million) is included in our earnings as discontinued operations. </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>15.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>CONTINGENCIES</b> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">We consider provisions for all our outstanding and pending legal claims to be adequate. The final outcome with respect to actions outstanding or pending as at March 31, 2009, or with respect to future claims, cannot be predicted with certainty. Significant commitments and contingencies not disclosed elsewhere in the notes to our financial statements are as follows: </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2"><b>Upper Columbia River Basin (Lake Roosevelt)</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">On December 31, 2008, the EPA approved the work plan required for the assessment of site conditions which will lead to the development of a set of sampling and other plans and field work in 2009. A beach sediment sampling plan was approved in March, 2009. Data from field work expected to be conducted this summer will be used to determine whether further studies are required. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">44</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="100%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Notes to Consolidated Financial Statements </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>15.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>CONTINGENCIES, continued</b> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Following the denial of our petition for review by the U.S. Supreme Court in January 2008, the Lake Roosevelt litigation reverted to the Federal District Court for Eastern Washington. Judgment on the first phase of the litigation dealing with issues associated with an EPA order issued in December 2003 and withdrawn in June 2008 was delivered on September 19, 2008. All of the claims associated with the order were dismissed.
                The plaintiffs have appealed the dismissal to the 9<sup>th</sup> Circuit Court of Appeal. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">In November, 2008, Teck Cominco Metals Ltd. (&ldquo;TCML&rdquo;) filed a motion to stay the plaintiffs&rsquo; CERCLA cost recovery declaratory relief claim. On December 30, 2008, the Court denied the motion and discovery and briefing of the liability phase of the litigation will occur in 2009. The hearing for this phase of the litigation is set for October 4, 2010. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">On March 9, 2009, the Court granted the plaintiffs motion for an award of the costs of litigating the CERCLA enforcement proceeding. The Court certified its order for immediate appeal and we intend to appeal the decision to the 9<sup>th</sup> Circuit. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">The hearing of the plaintiffs&rsquo; claims for natural resource damages and costs has been deferred until the remedial investigation and feasibility study being conducted by TCML&rsquo;s affiliate Teck American Incorporated (&ldquo;TAI&rdquo;) under the EPA Agreement have been substantially advanced or completed. Natural resource damages (&ldquo;NRD&rdquo;) are assessed for injury to, destruction of, or loss of natural
                resources including the reasonable cost of a damage assessment. Teck American commissioned a study by recognized experts in NRD assessment in 2008. Based on the assessment performed, we estimate that the compensable value of such damage will not be material. </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">There can be no assurance that TCML will ultimately be successful in its defense of the litigation or that TCML or its affiliates will not be faced with further liability in relation to this matter. Until the studies contemplated by the Agreement and additional damage assessments are completed, it is not possible to estimate the extent and cost, if any, of remediation or restoration that may be required or to assess the
                company&rsquo;s potential liability for damages. The studies may conclude, on the basis of risk, cost, technical feasibility or other grounds, that no remediation should be undertaken. If remediation is required, the cost of remediation may be material. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="4%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="96%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>16.</b></font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>SEASONALITY OF SALES</b> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2">Due to ice conditions, the port serving our Red Dog mine is normally only able to ship concentrates from July to October each year. As a result, zinc and lead concentrate sales volumes are generally higher in the third and fourth quarter of each year than in the first and second quarter. </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">45</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="100%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Notes to Consolidated Financial Statements </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2"><b>17. SEGMENTED INFORMATION</b> </font></p>

                <p><font face="Times New Roman, Times, Serif" size="2">We have six reportable segments: copper, coal, zinc, gold, energy and corporate based on the primary products we produce or are developing. The corporate segment includes all of our initiatives in other commodities, our corporate growth activities and groups that provide administrative, technical, financial and other support to all of our business units. Other corporate income (expense) includes general and administrative
                costs, research and development and other income (expense). </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="36%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3" colspan="20">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Three months ended March 31, 2009</b></font></p>
                        </td>

                        <td valign="bottom" bgcolor="#f3f3f3">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom" nowrap>
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Copper</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Coal</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Zinc</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Gold</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Energy</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Corporate</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Total</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Segmented revenues</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">447</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">874</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">397</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">39</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,757</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Less inter-segment revenues</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(49</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(49</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Revenues</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">447</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">874</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">348</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">39</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,708</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Operating profit</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">158</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">429</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">40</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">9</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">636</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Interest and financing</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(3</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(134</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(137</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Exploration</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(9</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(1</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(1</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(11</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Other corporate income (expense)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(29</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(10</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">153</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(220</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(106</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Earnings (loss) before taxes, non-controlling interests, equity earnings and discontinued operations</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">117</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">429</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">29</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">161</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(354</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">382</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Capital expenditures</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">76</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">37</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">8</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">7</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">132</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Total assets</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">8,236</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">17,880</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2,758</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">539</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,129</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,428</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">31,970</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">46</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

                <p style="PAGE-BREAK-AFTER: always"></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"><PAGE><br>
                </p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="100%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><b>Teck Cominco Limited</b> </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">Notes to Consolidated Financial Statements </font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">(Unaudited)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>
                </table>
                <br>
                <br>


                <p><font face="Times New Roman, Times, Serif" size="2"><b>17. SEGMENTED INFORMATION, continued</b> </font></p>

                <p style="MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; TEXT-ALIGN: left" align="left"></p>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="bottom" width="37%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="5%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="4%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="4%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="7%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="2%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom" width="6%">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom" width="1%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" colspan="20">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Three months ended March 31, 2008</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom" nowrap>
                            <p><font face="Times New Roman, Times, Serif" size="2">(Cdn $ in millions)</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Copper</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Coal</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Zinc</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Gold</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Energy</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Corporate</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>

                        <td valign="bottom" nowrap colspan="2">
                            <p align="center"><font face="Times New Roman, Times, Serif" size="2">Total</font></p>
                        </td>

                        <td valign="bottom" nowrap>
                            <p align="center">&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom" colspan="2">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Segmented revenues</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">716</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">221</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">651</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">32</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,620</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Less inter-segment revenues</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(78</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(78</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Revenues</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">716</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">221</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">573</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">32</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,542</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right">&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Operating profit</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">435</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">15</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">155</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">6</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">611</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Interest and financing</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(5</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(15</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(20</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Exploration</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(12</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(1</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(3</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(3</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(19</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Other corporate income (expense)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(1</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(7</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(27</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(34</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Earnings (loss) before taxes, non-controlling interests, equity earnings and discontinued operations</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">419</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">15</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">153</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(4</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">(45</font></p>
                        </td>

                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">538</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Capital expenditures</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">84</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">18</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">17</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">130</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <p><font face="Times New Roman, Times, Serif" size="2">Total assets</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">6,959</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,377</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,002</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">371</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">626</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,471</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="bottom">
                            <p align="right"><font face="Times New Roman, Times, Serif" size="2">13,806</font></p>
                        </td>

                        <td valign="bottom">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>

                        <td valign="bottom">
                            <hr align="center" width="100%" noshade size="2">
                        </td>
                    </tr>
                </table>
                <br>

                <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                    <tr style="FONT-SIZE: 1px">
                        <td valign="top" width="5%">
                            <p>&nbsp;</p>
                        </td>

                        <td valign="top" width="95%">
                            <p>&nbsp;</p>
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>

                        <td valign="top">
                            <hr align="center" width="100%" noshade size="1">
                        </td>
                    </tr>

                    <tr>
                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2">47</font></p>
                        </td>

                        <td valign="top">
                            <p><font face="Times New Roman, Times, Serif" size="2"><i>Teck Cominco Limited 2009 First Quarter News Release</i> </font></p>
                        </td>
                    </tr>
                </table>
                <br>
                <br>
                <br>

                <hr align="center" width="100%" noshade size="5">

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
