40-F 1 form40f2008.htm

 

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 40-F

(Mark One)

o

REGISTRATION STATEMENT PURSUANT TO SECTION 12 OF
THE SECURITIES EXCHANGE ACT OF 1934

OR

x

ANNUAL REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended: December 31, 2008

 

Commission File Number:   001-13184

 

TECK COMINCO LIMITED

(Exact name of Registrant as specified in its charter)

 

NOT APPLICABLE

(Translation of Registrant’s name into English (if applicable))

 

CANADA

(Province or other jurisdiction of incorporation or organization)

 

1400

(Primary Standard Industrial Classification Code Number (if applicable))

 

NOT APPLICABLE

(I.R.S. Employer Identification Number (if applicable))

 

Suite 3300 - 550 Burrard Street, Vancouver B.C., Canada V6C 0B3 (604) 699-4000

(Address and telephone number of Registrant’s principal executive offices)

 

CT Corporation System, 1633 Broadway, New York, New York 10019 (212) 664-1666

(Name, address (including zip code) and telephone number (including area code)
of agent for service in the United States)

 

Securities registered or to be registered pursuant to Section 12(b) of the Act:

 

Title of Each Class

 

Name of Each Exchange on Which Registered

Class B subordinate voting shares

 

New York Stock Exchange

 

Securities registered or to be registered pursuant to Section 12(g) of the Act:

 

Not Applicable

(Title of Class)

 

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:

 

US$200 million 7.00% Notes due 2012,

US$300 million 5.375% Notes due 2015,

US$700 million 6.125% Notes due 2035

(Title of Class)

 

For annual reports, indicate by check mark the information filed with this Form:

x Annual information form

x Audited annual financial statements

 

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common
stock as of the close of the period covered by the annual report:

 

9,353,470 Class A Common Shares and
477,512,086 Class B Subordinate Voting Shares outstanding as of December 31, 2008

 

Indicate by check mark whether the Registrant by filing 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 (the “Exchange Act”). If “Yes” is marked, indicate the filing number assigned to the Registrant in connection with such Rule.

o Yes

82-

 

x No

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.

x Yes

o No

 

 

 

 


PRINCIPAL DOCUMENTS

 

The following documents have been filed as part of this Annual Information Form on Form 40-F:

 

 

1.

Annual Information Form of Teck Cominco Limited for the year ended December 31, 2008.

 

 

 

 

2.

Audited Consolidated Financial Statements of Teck Cominco Limited for the years ended December 31, 2008 and 2007, including the auditors’ report with respect thereto. For a reconciliation of important differences between Canadian and United States generally accepted accounting principles, see Note 24 of the Notes to the Consolidated Financial Statements.

 

 

 

 

3.

Management’s Discussion and Analysis of Financial Position and Operating Results of Teck Cominco Limited for the year ended December 31, 2008.

 

Certifications and Disclosure Regarding Controls and Procedures

 

 

(a)

Certifications. See Exhibits 32.1 and 32.2 to this Annual Report on Form 40-F.

 

 

 

 

(b)

Disclosure Controls and Procedures. As of the end of the Registrant’s fiscal year ended December 31, 2008, an evaluation of the effectiveness of the Registrant’s “disclosure controls and procedures” (as such term is defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) was carried out by the Registrant’s management with the participation of the principal executive officer and principal financial officer. Based upon that evaluation, the Registrant’s principal executive officer and principal financial officer have concluded that as of the end of that fiscal year, the Registrant’s disclosure controls and procedures are effective to ensure that information required to be disclosed by the Registrant in reports that it files or submits under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms and (ii) accumulated and communicated to the Registrant’s management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure.

 

 

 

 

 

It should be noted that while the Registrant’s principal executive officer and principal financial officer believe that the Registrant’s disclosure controls and procedures provide a reasonable level of assurance that they are effective, they do not expect that the Registrant’s disclosure controls and procedures or internal control over financial reporting will prevent all errors and fraud. A control system, no matter how well conceived or operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met.

 

 

 

 

(c)

Management’s Annual Report on Internal Control Over Financial Reporting. The required disclosure is included in the section entitled “Management’s Report on Internal Control Over Financial Reporting” in the Registrant’s Management’s Discussion and Analysis of Financial Position and Operating Results for the fiscal year ended December 31, 2008, filed as part of this Annual Report on Form 40-F.

 

 

 

 

(d)

Attestation Report of the Registered Public Accounting Firm. The required disclosure is included in the “Auditors’ Report” that accompanies the Registrant’s Consolidated Financial Statements for the fiscal year ended December 31, 2008, filed as part of this Annual Report on Form 40-F.

 

 

 

 

(e)

Changes in Internal Control Over Financial Reporting. The required disclosure is included in the section entitled “Changes in Internal Control Over Financial Reporting” in the Registrant’s Management’s Discussion and Analysis of Financial Position and Operating Results for the fiscal year ended December 31, 2008, filed as part of this Annual Report on Form 40-F.

 

 

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Notices Pursuant to Regulation BTR

Not applicable.

 

Audit Committee Financial Expert

We have an Audit Committee established by the Board of Directors in accordance with Section 3(a)(58)(A) of the Exchange Act. The members of the Audit Committee are Keith E. Steeves, Hugh J. Bolton, Jalynn H. Bennett, Janice G. Rennie and Chris M.T. Thompson. The Board has designated Hugh J. Bolton as the “Audit Committee Financial Expert” as that term is defined in the Form 40-F. While Mr. Bolton is “independent” as that term is defined by Rule 10A-3 of the Exchange Act and according to New York Stock Exchange listing standards applicable to foreign private issuers, he is not “independent” according to New York Stock Exchange listing standards applicable to domestic issuers.

 

Code of Ethics

We have adopted a code of ethics, amended on June 23, 2006 and November 18, 2008, that applies to all of our employees and officers, including our principal executive officer, principal financial officer, principal accounting officer or controllerand persons performing similar functions. Our code of ethics is posted on our website, www.teck.com.

 

Since the adoption of our code of ethics, there have not been any amendments thereto, other than the amendments made on June 23, 2006 and November 18, 2008, or waivers, including implicit waivers, from any provision thereof.

 

Principal Accountant Fees and Services

The required disclosure is included in the section of this Annual Report on Form 40-F entitled “Audit Committee Information – External Auditor Service Fees” in the Registrant’s “Annual Information Form” for the fiscal year ended December 31, 2008.

 

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements required to be disclosed in this Annual Report on Form 40-F.

 

Tabular Disclosure of Contractual Obligations

The required disclosure is included in the section of this Annual Report on Form 40-F entitled “Contractual and Other Obligations” in the Registrant’s “Management’s Discussion and Analysis of Financial Position and Operating Results” for the fiscal year ended December 31, 2008.

 

2

 

 


Undertaking and Consent to Service of Process

A.

Undertaking

 

 

 

The Registrant undertakes to make available, in person or by telephone, representatives to respond to inquiries made by the Commission staff, and to furnish promptly, when requested to do so by the Commission staff, information relating to: the securities registered pursuant to Form 40-F; the securities in relation to which the obligation to file an annual report on Form 40-F arises; or transactions in said securities.

 

 

B.

Consent to Service of Process

 

 

 

The Registrant has previously filed a Form F-X in connection with the class of securities in relation to which the obligation to file this report arises.

 

 

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SIGNATURES

Pursuant to the requirements of the Exchange Act, the Registrant certifies that it meets all of the requirements for filing on Form 40-F and has duly caused this annual report to be signed on its behalf by the undersigned, thereto duly authorized.

 

Registrant:

TECK COMINCO LIMITED

 

 


By (Signature and Title):


/s/ Karen L. Dunfee

 

 

 

Karen L. Dunfee
Corporate Secretary

 

 

 

 

 

 

Date: March 20, 2009

 

 

 

 

 

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LIST OF EXHIBITS

 

23.1

Consent of PricewaterhouseCoopers LLP, Independent Accountants

 

 

23.2

Consent of Paul C. Bankes, P. Geo., Independent Engineer

 

 

23.3

Consent of Americo Zuzunaga, Independent Engineer

 

 

23.4

Consent of Don Mills, P. Geol. , Independent Engineer

 

 

23.5

Consent of Ross Pritchard, P.Eng. , Independent Engineer

 

 

23.6

Consent of Sproule Unconventional Limited , Independent Engineers

31.1

Certification of Donald R. Lindsay, Chief Executive Officer, pursuant to Rule 13a-14(a) or 15d-14 of the Securities Exchange Act of 1934

 

 

31.2

Certification of Ronald A. Millos, Chief Financial Officer, pursuant to Rule 13a-14(a) or 15d-14 of the Securities Exchange Act of 1934

 

 

32.1

Certification of Donald R. Lindsay, Chief Executive Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

 

 

32.2

Certification of Ronald A. Millos, Chief Financial Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

 

99.1

Annual Information Form for the fiscal year ended December 31, 2008.

 

 

99.2

Consolidated Financial Statements for the fiscal years ended December 31, 2008 and 2007.

 

 

99.3

Management’s Discussion and Analysis of Financial Position and Operating Results of Teck Cominco Limited for the year ended December 31, 2008.

 

 

 

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