The talks have been going on since September, another source said. Both the sources declined to be identified as they are not authorized to speak to the media.
“We will continue to consider the acquisition of interests in coking coal, but we cannot answer individual questions,” a spokesperson for Tokyo-based JFE Steel said in an email response to Reuters. JFE is one of Japan’s largest steel maker.Teck is considering splitting its coal and copper business since March this year, but the original proposal was voted down by its shareholders. In April, Teck also rebuffed a $22.
Teck told Reuters the company does not comment on market rumors or speculation, and directed to its earlier news release that said the company is engaging with various counterparties regarding the steelmaking coal business.Market data values update automatically. Checking box will enable automatic data updates.
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