Billionaire Robert Friedland urges Canada to protect Teck from ‘foreign predators’
He warned Canada should not take lightly Glencore’s attempted takeover of Teck, which has a track record of supporting local juniors.
Coal
Teck attracts bids from Vale, Anglo American and Freeport
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK) is said to have been approached by Vale (NYSE: VALE), Anglo American (LSE: AAL) and Freeport-McMoRan (NYSE: FCX) on potential deals for the…
The latest on the Teck saga: Top shareholder backs Glencore takeover
Teck Resources’ (TSX: TECK.A, TECK.B; NYSE: TECK) top shareholder, China Investment Corp (CIC), said on Friday it plans to back Glencore‘s (LSE: GLEN) proposed takeover of Canada’s largest diversified miner….
Teck separation increasingly in question
Teck Resources‘ (TSX: TECK.A/TECK.B; NYSE: TECK) board has unanimously rejected the latest cash-sweetened bid Glencore (LSE: GLEN) lodged on Tuesday, resolving instead to hasten its exit from the coal business….
Glencore sweetens offer for Teck with US$8.2B cash incentive
Glencore (LSE: GLEN) is stepping up efforts to take over Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) by adding a US$8.2-billion cash component to its original US$23-billion bid for Canada’s largest…
One of Teck Resources’ top investors backs separation plan
Egerton Capital UK, one of Teck Resources’ (TSX: TECK.A/TECK.B; NYSE: TECK) top investors, has committed to support the Canadian miner’s intention to separate its base metals and coal businesses and…
Teck Resources calls Glencore bid a ‘non-starter’ in restructuring push
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK) urged investors on Monday to support its plan for splitting into two companies at a vote later this month, adding that Glencore’s (LSE: GLEN)…
TSX drifts higher over holiday-shortened Apr. 3-6 trading week
Over the Good Friday-shortened Apr. 3-6 trading week, the S&P/TSX Composite Index inched up 96.8 points or 0.5% to 20,196.69. The S&P/TSX Global Mining Index added 0.41 points or 0.4%…
Biden earmarks US$450M for clean energy projects at coal mines
The United States has set aside US$450 million to advance clean energy projects on current and former mine sites, with special attention to those that can provide new economic opportunities…
Teck rejects US$23B takeover bid from Glencore
Canada’s Teck Resources (TSX: TECK.A, TECK.B; NYSE: TECK), the country’s largest diversified miner, has rejected an unsolicited acquisition proposal from Swiss commodity trader and mining company Glencore (LSE: GLEN). The…
Video: Patricia Mohr outlines Canada’s key advantages in the critical minerals space
Canadian Mining Journal Editor-in-Chief Tamer Elbokl spoke with economist, founder of the publication Critical Metals for a Sustainable World, and former vice-president with Scotiabank, Patricia Mohr at PDAC 2023 in…
The View from England: Myopic politicians seeing nuclear at last
Politicians everywhere have a tendency to make decisions based on short-term outcomes that might become catastrophic in the long term. There are few better examples of this than legislation in…