Teck Resources Ltd. is planning to separate its steelmaking coal business to focus more on industrial metals, sources say. Read more.
Play Video
The Canadian miner is expected to make an announcement on the spinoff as early as next week, the people said, asking not to be identified as the matter is private. Deliberations are ongoing and no final decision has been made, the people said.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
Teck has been exploring options for the business since at least September 2021, when people familiar with the matter said the business could be worth about US$8 billion.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Teck Resources is said to plan coal spinoff to focus on metals - BNN BloombergTeck Resources Ltd. is planning to separate its multibillion-dollar steelmaking coal business to focus more on industrial metals, according to people familiar with the matter.
Read more »
Bullish on Teekay Tankers Ltd.A technical look at the stock
Read more »
NewRange owners Teck and PolyMet commit $170m initial works budgetThe development of the NorthMet copper and nickel mine in Minnesota is set to gain further momentum, with the project – on the cards for almost two decades – now under a new joint venture (JV) that links the expertise, experience and financial resources of PolyMet, Teck Resources and Glencore. NewRange Copper and Nickel JV, which closed on Wednesday, is the owner of the NorthMet and Mesaba projects. These projects are two of the biggest undeveloped clean energy mineral resources in the US, containing high-demand copper, nickel, cobalt and platinum group metals (PGMs).
Read more »
Vital announces 'substantial' increase in resources at its Nechalacho rare earth project in CanadaA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
Canada women's national team asking for equal resources heading towards its World CupFour veteran leaders of the Canadian women’s national team shared their side of the argument in a pay equity dispute
Read more »
Canada women's national team asking for equal resources heading towards its World CupFour veteran leaders of the Canadian women’s national team shared their side of the argument in a pay equity dispute
Read more »