Deals
Teck Seen as Bidder as Rio Plots Exit From Canadian Iron
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A hunt for acquisitions by Teck Resources Ltd. is likely leading to a bid for Iron Ore Co. of Canada, the country’s largest producer of the steelmaking ingredient.
Teck, Canada’s largest diversified mining company is ready to look for “opportunities,” the Vancouver-based company’s Chief Executive Officer Don Lindsay said March 4 during the annual Prospectors & Developers Association of Canada convention.