Solar power becomes coal’s greatest competitor in Asia-Pacific – report

Despite Tuesday’s sharp drop, Teck has still outperformed most of its rivals this year.

Hedge fund and a minority investor Bell Rock is against the miner's decision on the recent $4.1 billion acquisition of BHP's metallurgical coal mines.

“The ‘Golden Age of Gas’, a term coined by the IEA in 2011, is nearing an end,” the outlook declares.

The company expects to see annual production at the lower end of its 2023 guidance for QB2.

"They don't distinguish between the good coal and the bad coal," former Teck CEO says.

Last month, Reuters reported that JSW Steel had slowed down the process to buy a stake in Teck.

Sonal Shrivastava, who joined the company in June, informed Anil Agarwal about her decision to leave last month.

The company posted a bigger-than-expected 18% drop in its first-quarter metallurgical coal output.

JFE Steel holds 15% equity in India's JSW Steel, which was also exploring an investment in Teck's coal business.