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Teck turns a profit in low commodity price environment

Canadian diversified miner Teck Resources surprised markets on Thursday with better than expected fourth-quarter earnings, beating analyst expectations by C$0.03 a share.
However, the Vancouver-based miner reported a net loss of C$459-million in the fourth quarter, as it booked after-tax impairment charges of C$536-million, bringing total write-downs for 2015 to C$2.9-billion.