The Business Times

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 (EVR) 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

FILE PHOTO: A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche/File Photo
Companies & Markets

Norway sovereign fund backs Teck Resources in battle with Glencore

The logo of the Canadian mining company Teck Resources Limited is displayed as people visit the Prospectors and Developers Association of Canada (PDAC) annual conference in Toronto, Ontario, Canada March 7, 2023. REUTERS/Chris Helgren
Companies & Markets

Sumitomo Metal Mining supports Teck’s coal spinoff

The Glencore Plc headquarters in Baar, Switzerland. Photographer: Alessandro Della Bella/Bloomberg
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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