Teck Resources agrees to sell steelmaking coal business in deals valued at $9B US

Vancouver-based Teck Resources Ltd. has agreed to sell its steelmaking coal business in a series of deals that value the operations at $9 billion US and will see Swiss commodities giant Glencore acquire a majority ownership.

Teck Resources agrees to sell steelmaking coal business in deals valued at $9B US
A sign with the word 'Teck.'

Vancouver-based Teck Resources Ltd. has agreed to sell its steelmaking coal business in a series of deals that value the operations at $9 billion US and will see Swiss commodities giant Glencore acquire a majority ownership.