Author photo

By Shane Lasley
Mining News 

Glencore makes new Teck buyout bid

North of 60 Mining News - April 11, 2023


Last updated 4/27/2023 at 8:47am

Lights illuminate a terminal for loading coal onto ships in British Columbia.

Adobe Stock

Glencore offers to pay $8.1 billion in cash for Teck Resources' steelmaking coal assets that are shipped out of this terminal in North Vancouver, British Columbia.

Offers $8.2 billion for BC coal assets ahead of a merger that provides Teck shareholders 24% stake in MetalCo.

Teck Resources Ltd. continues to rebuff an increasingly aggressive buyout bid by Glencore, which hopes to merge with the Canadian mining company and then create two new companies that would advance the coal and metals assets resulting from the combined portfolio.

This plan to...

For access to this article please sign in or subscribe.


Reader Comments(0)


Our Family of Publications Includes:

Mining News
Metal Tech News

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2023

Rendered 12/05/2023 02:11