Teck Resources sells 77% stake in steelmaking coal business to Glencore for $7.3bn, exiting coal industry.
Teck Resources Ltd. has completed the $7.3bn sale of its 77% stake in its steelmaking coal business to Glencore plc, following federal government approval. The deal concludes Teck's exit from the coal industry and allows the company to focus on critical minerals and energy transition projects. Glencore has committed to maintaining significant employment levels at Elk Valley Resources for at least five years.
July 11, 2024
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