The Business Times
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Teck Resources

Energy & Commodities

Anglo American agrees to buy Teck in deal reshaping mining

To secure the approval, Glencore has agreed to maintain the Canadian headquarters for Elk Valley Resources for at least 10 years.
Energy & Commodities

Canada approves Glencore takeover of Teck coal unit, with conditions

Teck needs approval from 11 jurisdictions – including countries where it ships coal – to complete the sale of the business, according to Jonathan Price.
International

Canada to ‘carefully’ review Glencore deal for Teck’s coal

The deal will pave the way for Glencore to hive off its profitable but polluting thermal coal business and focus on mining metals such as copper, nickel and zinc.
Global Enterprise

Glencore to buy 77% of Teck coal business for US$6.93 billion

Teck reported adjusted profit of C$1.81 per share for the three months to Mar 31, compared with an average analyst estimate of C$1.82, according to Refinitiv IBES data.
Companies & Markets

Teck Resources profit misses estimates as Glencore circles

Based on its first-quarter performance, trading profits this year will again beat its guidance range of US$2.2 billion to US$3.2 billion, Glencore says.
Companies & Markets

Glencore expects another bumper year of commodity trading

The Norwegian fund at the end of 2022, the last available data, owned a 1.48 per cent stake in Teck Resources worth US$287 million, while its share of voting rights under the miner’s dual-class share structure stood at 0.59 per cent.
Companies & Markets

Norway sovereign fund backs Teck Resources in battle with Glencore

The Japanese company reiterated “its continuous support for Teckʼs plan to create two separate world-class independent companies.”
Companies & Markets

Sumitomo Metal Mining supports Teck’s coal spinoff

In an open letter on Wednesday (Apr 19), Glencore said it would consider taking the offer to Teck’s shareholders directly if the board failed to engage.
Companies & Markets

Glencore raises pressure on Teck Resources with promise of higher bid

Teck investors will vote on the plan to spin off its coal mines in a little more than a week, and Glencore chief executive officer Gary Nagle has said that the company will keep pursuing a deal if Teck’s investors vote down the restructuring plan.
Companies & Markets

Teck’s controlling shareholder open to deals after planned split

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