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](https://i.cbc.ca/1.6826854.1692220990!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/teck-resources-vote-20230426.jpg)
![The Teck Resources logo is seen on a podium before the company's special meeting of shareholders in Vancouver, B.C., Wednesday, April 26, 2023. The company allowed media to attend the meeting but not take photographs or record audio or video of the proceedings once the session began. A sign with the word 'Teck.'](https://i.cbc.ca/1.6826854.1692220990!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_620/teck-resources-vote-20230426.jpg)
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.