14
Nov
19:32
Glencore to acquire 77% of Teck's Elk Valley
Glencore has agreed to acquire a 77% interest in Teck Resources' steelmaking coal business, Elk Valley Resources, for $6.93 billion.
The acquisition by the Swiss international mining company, which is subject to regulatory approval, is expected to close in the third quarter of next year, Kallanish learns from a Glencore press release.
“We are pleased to have reached agreement to acquire Teck’s steelmaking coal operations in th…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous