Teck Resources has changed its name to Teck Metals and will spin off its steelmaking coal unit as Elk Valley Resources Ltd. Read more.
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The unit, which has four mines in Elk Valley, British Columbia, has been plagued by several snags in the past three years, including supply-chain disruptions, adverse weather events, labour shortages and an outage at Elkview plant.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
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Teck Resources changes name to Teck Metals, spins off steelmaking coal unitTeck Resources has changed its name to Teck Metals and will spin off its steelmaking coal unit as Elk Valley Resources Ltd. Read more.
Read more »
Teck Resources changes name to Teck Metals, spins off steelmaking coal unitTeck Resources has changed its name to Teck Metals and will spin off its steelmaking coal unit as Elk Valley Resources Ltd. Read more.
Read more »
Teck to spin off coal business into Elk Valley ResourcesCanadian diversified miner Teck Resources on Tuesday announced the reorganisation of its business into two independent, publicly listed companies. The company would change its name to Teck Metals and would spin off its steelmaking coal business into Elk Valley Resources (EVR). CEO Jonathan Price said that the transaction simplified the portfolio of each company, allowing for strategic and financial focus and the ability to pursue tailored capital allocation strategies.
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Teck Resources to spin off steelmaking coal unit in restructuring drive(Reuters) -Teck Resources Ltd said on Tuesday it would be spinning off its steelmaking coal unit as the Canadian miner focuses on industrial metals such as copper, which are crucial to the global energy transition. After the separation, Teck will re-brand itself as Teck Metals Corp while the new divested unit will be listed in Toronto as Elk Valley Resources Ltd (EVR). Chief executive Jonathan Price said the divestiture would help simplify the company's portfolio, making it more appealing to investors and help the company focus on critical metals including copper.
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Teck Resources to split company and spin off steelmaking coal businessTeck Resources Ltd. has announced a plan to split the company into Teck Metals Corp. and Elk Valley Resources Ltd., which will hold its steelmaking coal business.
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Teck Resources to split company and spin off steelmaking coal businessTeck Resources Ltd. has announced a plan to split the company into Teck Metals Corp. and Elk Valley Resources Ltd.
Read more »