Glencore offers cash to Teck
- Jun
- 15
Glencore Plc on Tuesday modified its $22.5 billion all-share takeover bid for Teck Resources Ltd’s to include up to $8.2 billion in cash, but Teck’s board called it “largely unchanged” and analysts said it will need to rise further still. Glencore’s play for Vancouver-based Teck comes amid a rising wave of buyout offers for mines […]
read moreTeck Engaging interest in Steelmaking Coal Business
- Jun
- 06
Teck Resources Limited today confirmed that it has received a number of inbound indications of interest regarding various forms of potential transactions involving Teck’s steelmaking coal business. As previously announced, Teck is pursuing a separation of its base metals and steelmaking coal businesses. Teck’s Board of Directors and independent Special Committee, with the support of […]
read moreTeck Announces Executive and Vice President Appointments
- May
- 25
Michael O’Shaughnessy has been appointed Vice President, Marketing and Logistics, Coal, with responsibility for the coal business unit’s Marketing and Logistics functions.
read moreTeck and CPKC Announce Long-term Rail Agreement
- May
- 04
The companies will also work together to increase the resiliency of the Canadian supply chain with investment in infrastructure and technology from origin through to destination.
read moreTeck Withdraws Separation Proposal
- Apr
- 26
The Board will focus on incorporating the feedback heard into a revised value-enhancing separation to maximize value for shareholders.
read moreTeck Responds to Glencore
- Apr
- 20
Teck Resources Limited CEO, Jonathan Price, issued a letter to shareholders reaffirming the strong rationale for its pending separation and responding to Glencore’s latest attempt to frustrate value creation for Teck shareholders. • Glencore’s opportunistic proposal hasn’t changed – same low value, same flawed structure, same material execution risks • Teck has previously engaged extensively […]
read moreStatement from Dr. Norman Keevil
- Apr
- 16
Teck Resources Limited today issued a statement on behalf of Teck Chairman Emeritus Dr. Norman B. Keevil: “As there has been much media commentary regarding my views on the future of Teck, I would like to provide a clear statement of my perspective. My colleagues and I are proud of what we achieved through 30 […]
read moreTeck Reaffirms Benefits of Elk Valley Separation
- Apr
- 10
Elk Valley Resources will be a high-margin Canadian steelmaking coal producer, focused on long-term cash generation and providing cash returns to shareholders, with significant equity value accretion potential.
read moreJohn Horgan on Board of Elk Valley Resources
- Apr
- 01
We welcome Horgan to the Elk Valley and wish him well in his new job in the coal industry!
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