Teck Resources mulls British Columbia battery recycling plant
Copper and zinc miner Teck Resources is considering building a lithium-ion battery recycling facility in British Columbia, CEO Jonathan Price said on Tuesday.
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Canada’s Lassonde ‘mystified’ by Teck choice of Glencore bid for coal unit
Mining News Pro - Canadian businessman Pierre Lassonde said on Wednesday that he is “mystified” by Teck Resources’ decision to sell its coal unit to a Glencore-led consortium for $9 billion because his group bid the same price.
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Canada likely to approve Glencore-Teck deal despite foreign investment scrutiny
Mining News Pro - As Glencore prepares for the long grind to convince Canada of the virtues of the Swiss trader-led consortium’s $9 billion bid for Teck Resources’ coal unit, investors and lawyers are optimistic about the deal approval despite the government’s increased scrutiny of foreign investments.
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Glencore ready to spin-off coal unit after sealing Teck buy
Mining News Pro - Glencore is moving ahead with plans to spin-off its profitable but polluting thermal coal business after clinching on Tuesday a $9 billion deal for the coal division of Canada’s Teck Resources.
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Teck shares are back where they started before Glencore offer
Mining News Pro - Teck Resources has come full circle: After a tumultuous seven months kicked off by an unsolicited takeover offer from Glencore Plc that sent the Canadian firm’s stock soaring, its shares are now back where they began.
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Teck to re-do environmental permit for Quebrada Blanca expansion in Chile
Mining News Pro - Canadian miner Teck Resources has scrapped a previously submitted environmental permit application to expand a mill at its Quebrada Blanca copper mine in Chile in order to draft a new version, it said on Tuesday.
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Teck Resources says restructuring remains ‘priority’ as Q3 underwhelms
Mining News Pro - Teck Resources was progressing “expeditiously” on a split of its coal and copper businesses, the Canadian miner said on Tuesday, after missing quarterly profit estimates on weak sales of steelmaking coal.
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Teck stock drops to seven-month low on rising cost of flagship copper mine
Mining News Pro - Teck Resources shares plunged to their lowest point in seven months after the Canadian miner raised the cost of its flagship copper mine in Chile once again.
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Teck says it won’t necessarily sell coal assets to highest bid
Mining News Pro - The highest bid for Teck Resources Ltd.’s lucrative coal assets won’t necessarily be the winning bid, said chief executive officer Jonathan Price.
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Teck aiming for coal, metals business separation announcement by end of 2023
Mining News Pro - Canadian miner Teck Resources Ltd is aiming to make an announcement on the separation of its coal and metals business by the end of 2023, chief executive officer Jonathan Price said on Thursday.
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Rio Tinto planning more investments in Canada, but rules out bid for Teck
Mining News Pro - Rio Tinto (ASX: RIO) chief executive Jakob Stausholm says the giant British-Australian miner plans to make more investments in Canada, but he is ruling out any chance of taking a run at Canada’s Teck Resources.
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No quick end for sale of Teck’s coal unit as mining giant weighs more bids than expected
Mining News Pro - Canada’s Teck Resources is surprised by the global interest in its coal business, suggesting that bidders such as Switzerland’s Glencore will face a highly competitive bidding process whose outcome will not be known quickly.
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Teck planning full exit from coal business, in event of partial sale will spin off remainder
Mining News Pro - Teck Resources (TSX: TECK-B) intends to completely exit its coal business, but in the event of only a partial sale, would spin off the remainder to ensure a clean break, a source familiar with the situation said.
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JSW Steel considers 75% interest in Teck’s coal business
Mining News Pro - JSW Steel is considering forming a consortium to bid for a 75% interest in Teck Resources’ steelmaking coal business, according to a Bloomberg report.
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Glencore keeps dealmaking powder dry for Teck as payouts drop
Mining News Pro - Glencore Plc underlined its continued interest in a deal with Teck Resources Ltd. by holding back $2 billion for a potential purchase of the Canadian miner’s coal business — cash it would otherwise have returned to shareholders.
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India’s JSW Steel considering bid for stake in Teck coal unit
Mining News Pro -India’s steel producer JSW Steel is considering a bid for a stake of up to 20% in Canada’s Teck Resources steelmaking coal business, Bloomberg News reported on Saturday, citing people with knowledge of the matter.
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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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Teck’s attempt to gain CIC support for coal split hits wall
Mining News Pro - Teck Resources, Canada’s largest diversified miner, is reportedly finding it difficult to secure the support of top shareholder China Investment Corporation (CIC) for a plan to exit coal.
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Nippon Steel still in talks with Teck as it seeks stake in coal asset
Mining News Pro - Nippon Steel Corp is still in talks with Teck Resources, despite Glencore’s bid for the Canadian miner, as Japan’s top steelmaker remains eager to take a stake in Teck’s high-grade coking coal asset, a senior executive said.
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Glencore’s Teck bid spurs call for Canada pensions to up equity stake
Mining News Pro - Glencore’s hostile bid for Teck Resources has galvanized some Canadian institutional investors, who have lobbied the federal government to push the nation’s biggest pension funds to lift their exposure to domestic companies, according to a presentation seen by Reuters.
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Buying Teck’s coal unit as a standalone is a ‘distant second’ for Glencore
Mining News Pro - Buying Teck Resources’ coal business as a standalone unit is a “distant second” for Glencore and Teck should not leave out the Swiss miner if it keeps pursuing its separation plan, boss Gary Nagle told the Bank of America conference in Barcelona on Tuesday.
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Glencore’s Teck takeover may become a reality
Mining News Pro - Teck Resources has withdrawn its proposal to split the company, which industry experts say may cause Glencore to attempt another takeover offer.
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Canadian Conservatives want Glencore takeover of Teck blocked
Mining News Pro - Canada’s main opposition party called for the government to block Glencore Plc’s proposed takeover of Teck Resources Ltd.
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Canadian Conservatives want Glencore takeover of Teck blocked
Mining News Pro - Canada’s main opposition party called for the government to block Glencore Plc’s proposed takeover of Teck Resources Ltd.
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Teck takes restructuring plan off the table ahead of vote
Mining News Pro - Teck Resources, Canada’s largest diversified miner, has decided to withdraw its plan to split up the company into two units — a base metals and coal — ahead of a shareholder vote on the proposal scheduled for Wednesday.
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Visit: 103