eh1100502_formfwp.htm

June 29, 2011

TECK RESOURCES LIMITED

Final Term Sheet

3.15% Notes Due 2017

Issuer:	Teck Resources Limited
Guarantor:	Teck Metals Ltd.
Size:	$300,000,000
Format:	SEC-Registered
Maturity:	January 15, 2017
Coupon (Interest Rate):	3.15%
Yield to Maturity:	3.157%
Spread to Benchmark Treasury:	+150 bps
Benchmark Treasury:	UST 1.75% due May 31, 2016
Benchmark Treasury Price and Yield:	100-14 / 1.657%
Interest Payment Dates:	January 15 and July 15
First Interest Payment Date:	January 15, 2012
Optional Redemption:	Make-whole call at T+25 bps at any time
Change of control:	101% of principal plus accrued interest
Price to Public:	99.964%
Settlement Date:	July 5, 2011
CUSIP/ISIN:	878742 AU9 / US878742AU97
Ratings:	See “Ratings of the Notes” below.
Joint Book-Running Managers:	Citigroup Global Markets Inc. J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Goldman, Sachs & Co. RBC Capital Markets, LLC
Co-Managers:	CIBC World Markets Corp. Morgan Stanley & Co. LLC RBS Securities Inc. UBS Securities LLC Barclays Capital Inc. BNP Paribas Securities Corp. Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. Mizuho Securities USA Inc. Scotia Capital (USA) Inc.

4.75% Notes Due 2022

Issuer:	Teck Resources Limited
Guarantor:	Teck Metals Ltd.
Size:	$700,000,000
Format:	SEC-Registered
Maturity:	January 15, 2022
Coupon (Interest Rate):	4.75%
Yield to Maturity:	4.769%
Spread to Benchmark Treasury:	+165 bps
Benchmark Treasury:	UST 3.125% due May 15, 2021
Benchmark Treasury Price and Yield:	100-01+ / 3.119%
Interest Payment Dates:	January 15 and July 15
First Interest Payment Date:	January 15, 2012
Optional Redemption:	Make-whole call at T+25 bps at any time before October 15, 2021. Callable at 100% at any time on or after October 15, 2021.
Change of control:	101% of principal plus accrued interest
Price to Public:	99.843%
Settlement Date:	July 5, 2011
CUSIP/ISIN:	878742 AV7 / US878742AV70
Ratings:	See “Ratings of the Notes” below.
Joint Book-Running Managers:	Citigroup Global Markets Inc. J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Goldman, Sachs & Co. RBC Capital Markets, LLC
Co-Managers:	CIBC World Markets Corp. Morgan Stanley & Co. LLC RBS Securities Inc. UBS Securities LLC Barclays Capital Inc. BNP Paribas Securities Corp. Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. Mizuho Securities USA Inc. Scotia Capital (USA) Inc.

6.25% Notes Due 2041

Issuer:	Teck Resources Limited
Guarantor:	Teck Metals Ltd.
Size:	$1,000,000,000
Format:	SEC-Registered
Maturity:	July 15, 2041
Coupon (Interest Rate):	6.25%
Yield to Maturity:	6.271%
Spread to Benchmark Treasury:	+190 bps
Benchmark Treasury:	UST 4.75% due February 15, 2041
Benchmark Treasury Price and Yield:	106-08+ / 4.371%
Interest Payment Dates:	January 15 and July 15
First Interest Payment Date:	January 15, 2012
Optional Redemption:	Make-whole call at T+30 bps at any time before January 15, 2041. Callable at 100% at any time on or after January 15, 2041.
Change of control:	101% of principal plus accrued interest
Price to Public:	99.715%
Settlement Date:	July 5, 2011
CUSIP/ISIN:	878742 AW5 / US878742AW53
Ratings:	See “Ratings of the Notes” below.
Joint Book-Running Managers:	Citigroup Global Markets Inc. J.P. Morgan Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated Goldman, Sachs & Co. RBC Capital Markets, LLC
Co-Managers:	CIBC World Markets Corp. Morgan Stanley & Co. LLC RBS Securities Inc. UBS Securities LLC Barclays Capital Inc. BNP Paribas Securities Corp. Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. Mizuho Securities USA Inc. Scotia Capital (USA) Inc.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc. at (877) 858-5407 (toll-free), J.P. Morgan Securities LLC at (212) 834-4533 (collect), Merrill Lynch, Pierce, Fenner & Smith Incorporated at (800) 294-1322 (toll-free), Goldman, Sachs & Co. at (866) 471-2526 (toll-free) or RBC Capital Markets, LLC at (866) 375-6829 (toll-free).

RATING OF THE NOTES

The following table discloses the expected credit ratings assigned to, and the outlook for, the notes by the following rating agencies:

Rating Agency	Ratings for the Notes	Outlook for the Notes
Moody’s	Baa2	Stable
S&P	BBB	Stable

Credit ratings are intended to provide investors with an independent measure of credit quality of any issue of securities. The credit ratings expected to be accorded to the notes by the rating agencies are not recommendations to purchase, hold or sell the notes inasmuch as such ratings do not comment as to market price or suitability for a particular investor. There is no assurance that any rating will be granted or if granted remain in effect for any given period of time or that any such rating will not be revised or withdrawn entirely by a rating agency in the future if in its judgment circumstances so warrant, and if any such rating is so revised or withdrawn, we are under no obligation to update this prospectus supplement. Moody’s Investors Services, Inc.’s (“Moody’s”) credit ratings are on a long-term debt rating scale that ranges from Aaa to C, which represents the range from highest to lowest quality of such securities rated. According to the Moody’s rating system, debt securities rated Baa are subject to moderate risk. They are considered as medium-grade obligations and, as such, may possess certain speculative characteristics. Moody’s applies numerical modifiers 1, 2 and 3 in each generic rating classification from Aa through Caa in its corporate bond rating system. The modifier 1 indicates that the issue ranks in the higher end of its generic rating category, the modifier 2 indicates a mid-range ranking and the modifier 3 indicates that the issue ranks in the lower end of its generic rating category.

Standard & Poor’s Rating Services, a division of The McGraw-Hill Companies, Inc. (“S&P”) credit ratings are on a long-term debt rating scale that ranges from AAA to D, which represents the range from highest to lowest quality of such securities rated. According to the S&P rating system, debt securities rated BBB exhibit adequate protection parameters. However, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity of the obligor to meet its financial commitments on the securities. The ratings from AA to CCC may be modified by the addition of a plus (+) or minus (–) sign to show relative standing within the major rating categories.