LONDON, Sept 30 (Reuters) - Canadian miner Teck

Resources ( TECK ) will focus on organic growth as there is a

risk of paying too high a premium for takeovers, its CEO said on

Monday.

Chief Executive Jonathan Price said the company is

developing several mining projects, but will stay "connected to

the market", when asked about M&A at a seminar kicking off the

LME Week industry gathering in London.