The mining newspaper for Alaska and Canada's North

Glencore makes new Teck buyout bid

North of 60 Mining News - April 11, 2023

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 create separ...

 

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