Teck Changes Proposal To Separate Metal And Coal Business | OilPrice.com

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 68%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Canadian miner Teck Resources is revising its plan to separate its metals and coal companies into two separate assets. The company received strong support from its shareholders to split the two activities up.

. The Vancouver-headquartered company announced its plans not to proceed with a vote to divide the business into two separate companies, Teck Resources and Elk Valley Resources, at its April 26 annual and special shareholders meeting.

“Our plan going forward is to pursue a simpler and more direct separation,” Price added. “ is the best path to unlock the full value of Teck for our shareholders.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines