Iron and Steel

Nippon Steel still interested in investing in Teck’s steelmaking coal arm

Nippon Steel still interested in investing in Teck’s steelmaking coal arm
Mining News Pro - Nippon Steel remains interested in Teck Resources’ steelmaking coal assets, a spokesperson said on Tuesday, adding that talks continue despite Glencore’s latest offer for the Canadian miner’s coal business.
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Swiss trading and mining firm Glencore on Monday offered to buy Teck’s steelmaking coal business as a standalone unit, after the Canadian miner twice rebuffed its $22.5 billon offer to combine the two companies.

Nippon Steel’s spokesperson declined to comment on Glencore’s latest proposal.


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