- Teck Resources announced today the reorganization of its business to separate Teck into two independent, publicly-listed companies: Teck Metals Corp. and Elk Valley Resources Ltd. .
The company said that the separation will create two world-class resource companies and"provide investors with choice for allocating investment between two businesses with different commodity fundamentals and value propositions." "This transformative transaction creates two strong, sustainable, world-class mining companies committed to responsibly providing essential resources the world needs," said CEO Jonathan Price."Both Teck Metals and EVR have high-quality operating assets and strong financial foundations, with talented and dedicated employees, committed to ensuring safe and responsible operations.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »