(IN BRIEF) Glencore is set to purchase a 77% effective interest in Teck Resources Limited’s steelmaking coal business, Elk Valley Resources (EVR), for $6.93 billion in cash. The deal includes NSC’s and POSCO’s interests in EVR. Upon completion, EVR will … Read the full press release
Posted in Business, Industrial, Investment, Metals and Minerals, Switzerland
Tagged acquisition, CANADA, Canadian steelmaking coal, cobalt, copper, Elk Valley Resources, Elkview Operations, EVR, Fording River, Gary Nagle, Glencore, Glencore plc, Greenhills, Greenhills joint venture, Line Creek, Mines, Neptune Terminals, nickel, Nippon Steel Corporation, North Vancouver, NSC, oal mines, POSCO, Southeast British Columbia, steelmaking coal, steelmaking coal business, Teck, Teck Resources Limited, zinc
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