The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
North of 60 Mining News - April 19, 2023
Hoping to add to its global metals and coal assets, Glencore is making an increasingly aggressive bid for Teck Resources Ltd.
Glencore says it is willing to cut a deal directly with shareholders if a planned split of Teck's metal, coal assets is stopped.
With Teck Resources Ltd.'s board of directors and management refusing to consider its roughly US$22.5 billion (C$30.3 billion) merger proposal, Glencore is taking its increasingly aggressive takeover bid directly to the diversified Canadian mining company's shareholders....
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