Teck sells coal assets to Glencore, steelmakers for US$8.9B to focus on copper

Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is selling its coal assets to Glencore (LSE: GLEN) and two Asian steelmakers for US$8.9 billion, Teck said on Nov. 14.  Under the deal, which still must be approved by regulators in Ottawa, Glencore is to pay...

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