Teck aiming for coal, metals business separation announcement by end of 2023

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Teck Resources is aiming to make an announcement on the separation of its coal and metals business by the end of 2023, Chief Executive Officer Jonathan Price said on Thursday.

“I do believe we are coming close to a point where we are going to be able to make a decision on what is the value maximizing route for shareholders and I would like to see that announced before the end of this year,” he said. Price, without detailing specifics of a potential deal, said a recent diplomatic row between India and Canada was not slowing the process.

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