09 good year for Teck

Earnings in '09 were $1.8 billion dollars... compared with $659 million the previous year.

Also a significant drop in Teck's overall debt load....it's now half of its one time high of 13.4 billion dollars.

In a release, the company gives special note for the $825 million sale of their one-third interest in Waneta dam in helping bring down this debt.

Teck predicts they will finish paying off their debt in its entirety, by the end of 2012.

Nedia Vanderelst-KBS News