Teck closes sale of coal business to Glencore after federal approval

The Teck Resources logo on a podium before the company's special meeting of shareholders, in Vancouver, on April 26, 2023.says it has completed the sale of its remaining 77 per cent interest in its steelmaking coal business to Glencore plc.

. Industry Minister François-Philippe Champagne said last week the green light for the sale of Teck’s coal business comes with “strict” conditions and represents a “much narrower” transaction than Glencore’s hostile takeover attempt last year.

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