EXHIBIT 3.2
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TECK COMINCO LIMITED
INTEREST COVERAGE CALCULATIONS
($ AMOUNTS ARE IN MILLIONS OF 12 mos ended
CANADIAN DOLLARS) 2004 Q1 2004 Q1 2005 Mar 31/05
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EARNINGS COVERAGE
Net earnings $ 617 $ 96 $ 205 $ 726
Interest $ 61 $ 15 $ 13 $ 59
Taxes $ 305 $ 48 $ 114 $ 371
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$ 983 $ 159 $ 332 $1,156
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Coverage 16.1 19.6
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Exchangeable interest $ 4 $ 1 $ 1 $ 4
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Coverage 15.1 18.3
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CASH FLOW COVERAGE
Net earnings $ 617 $ 96 $ 205 $ 726
Interest $ 61 $ 15 $ 13 $ 59
Taxes $ 305 $ 48 $ 114 $ 371
Depreciation $ 275 $ 60 $ 70 $ 285
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$1,258 $ 219 $ 402 $1,441
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Coverage 20.6 24.4
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Exchangeable interest $ 4 $ 1 $ 1 $ 4
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Coverage 19.3 22.9
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