Deals
Teck Resources Weighs Sale, Spinoff of $8 Billion Coal Unit
- Miner considering sale, spinoff of metallurgical coal business
- Commodity producers have been shifting away from fossil fuels
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Teck Resources Ltd. is exploring options for its metallurgical coal business, including a sale or spinoff that could value the unit at as much as $8 billion, people with knowledge of the matter said.
The Canadian miner is working with an adviser as it studies strategic alternatives for the business, which is one of the world’s largest exporters of the steelmaking ingredient, the people said, asking not to be identified discussing confidential information.