Glencore plc has announced its binding agreement with Teck Resources Limited for the acquisition of a 77% effective interest in Teck’s steelmaking coal business, Elk Valley Resources (EVR), for a substantial sum of US$6.93 billion in cash. This transaction is set to bolster Glencore’s position in the coal industry, marking a pivotal moment in their […]
Canadian mining company Teck Resources will separate its business into two independent, publicly-listed companies to offer investors a choice of enterprises with unique fundamentals and value propositions. Post-closing, Teck Resources will change its name to Teck Metals, a premier, growth-oriented energy transition metals producer, while the newly created Elk Valley Resources will be a pure-play, […]
