Teck in talks with multiple parties regarding its coal business, company says

Price, however, dismissed those claims.

In February, Teck said it wanted to split and create Teck Metals, a standalone company that would focus on copper and other minerals considered key for the energy transition away from fossil fuels and required for the world to meet its climate goals, and Elk Valley Resources Ltd., which would focus on coal.

But Teck Metals would have depended on cash flow from the coal unit for at least three years following the separation, keeping the coal and metals business intertwined and seemingly going against the proposal’s main selling point to investors. As it stands,

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Teck Resources considering multiple options for coal business - BNN BloombergTeck Resources Ltd. has confirmed Tuesday it is in talks with multiple parties about selling its steelmaking coal business, after cancelling a shareholder vote to separate its metals and coal business this spring.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Teck reviewing multiple offers for its coal business, company saysTeck Resources Ltd. said it is evaluating multiple expressions of interest in its steelmaking coal business. Find out more.
Source: financialpost - 🏆 7. / 85 Read more »

Teck fielding expressions of interest for coal business, as Canadian miner considers new restructuring planThe comments follow Teck’s decision in April not to move forward with a planned split of the business that would have seen the coal division spun off
Source: globeandmail - 🏆 5. / 92 Read more »