Glencore ready to spin off coal unit after sealing Teck buy

Glencore (LSE: GLEN) is moving ahead with plans to spin off its profitable but polluting thermal coal business after clinching on Tuesday a US$8.9-billion deal for the coal division of Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK).  The Swiss mining and commodities traders...

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