The Financial Post reports in its Saturday edition that the market increasingly feels that Teck Resources' largest copper project is not meeting expectations, says Barrick Gold chief executive officer Mark Bristow. The Post's Naimul Karim writes that Mr. Bristow's comments come a week after Teck increased the expected capital costs associated with building the Quebrada Blanca 2 (QB2) project in Chile for a second time this year. Teck expects to spend about $8.6-billion to $8.8-billion as opposed to its April guidance of $8-billion to $8.2-billion (all figures U.S.). Before April, the cost was in the range of $7.4-billion to $7.75-billion. The expected rise in QB2's capital cost was attributed to delays in constructing a molybdenum plant and additional contract claims from unexpected changes in the project, such as modifying 16 "huge tailing water return pumps" due to a manufacturing defect. "You have seen more and more that the market feels that was a bad project," Mr. Bristow said on Thursday. "It's low grade and had a cost overrun, how valuable is it?" Bristow said he believes the project would be "more valuable" in the hands of Swiss-based mining giant Glencore PLC, which has tried to buy Teck twice this year.