News Formal

Consortium proposes to buy Teck’s coal business in bid to thwart Glencore

  • 📰 BurnabyNOW_News
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Lassonde says the group has had discussions with Vancouver-based Teck and put forward a plan

A consortium led by Canadian mining veteran Pierre Lassonde is proposing to buy Teck Resources Ltd.’s TECK-B-T coal operations, a deal that could stop Glencore PLC in its tracks, and offer a Made-in-Canada solution that may be palatable to Ottawa.

“Teck wants to move forward, we’ve been told very definitively” said Mr. Lassonde. “For them, it’s a question of consulting their bankers and consulting other groups. We’re told that they want to get something done between eight to 12 weeks.” Mr. Lassonde will likely need the backing of Teck’s existing coal joint venture steel making partners, Japan’s Nippon Steel, and South Korea’s POSCO before his proposal can succeed. He indicated optimism that both will back his proposal.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 14. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

A consortium led by mining veteran Pierre Lassonde is proposing buying Teck’s coal business in bid to thwart GlencoreA consortium led by mining veteran Pierre Lassonde is proposing acquiring Teck’s coal business in bid to thwart Glencore
Källa: globeandmail - 🏆 5. / 92 Läs mer »