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Key shareholder Sumitomo to vote in favour of Teck plan to split business - BNN Bloomberg

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Sumitomo Metal Mining, a key shareholder at Teck Resources Ltd., says it will vote in favour of the company's plan to separate its metals and steelmaking coal operations into two companies.

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I love how coal producers, and regions dependent on coal exports, are very very careful to identify as “steelmaking coal”. The overwhelming majority of metallurgical coal ends up used to generate heat, with the Carbon in the atmosphere, not as a component of the steel.

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Teck versus Glencore: What you need to know about the takeover battle gripping mining industryTeck Resources and Glencore are fighting over a $23.2\u002Dbillion takeover that could rewrite Canada\u0027s mining industry. Read why it\u0027s important.
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