Teck reviewing multiple offers for its coal business, company says

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Teck Resources Ltd. said it is evaluating multiple expressions of interest in its steelmaking coal business. Find out more.

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,

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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.
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