Teck explores future after takeover bid
Mining Explorers 2023 - January 18, 2024
Last updated 2/8/2024 at 1:39pm
Teck Resources Ltd. went into 2023 with a strategy to better position for the energy transition by spinning its steelmaking coal unit into the newly formed Elk Valley Resources, and advancing its copper- and zinc-forward metals assets under a rebranded Teck Metals Ltd.
This proposed reorganization, however, was stymied by an aggressive takeover bid by Glencore that wanted to incorporate Teck's...