$Teck announced that the TSX has approved its notice of intention to purchase up to 20 million Class B shares (up to 3.5% of shares outstanding and 3.9% of float; market value of up to $555M as of yesterday’s close) in a normal course issuer bid over the next 12 months. The share buy-back program is supported by a solid balance sheet and strong cash flow generation. Teck’s total liquidity as of July 26, 2017 was $4.5B including $930M in cash and US$3.0B in undrawn credit.”