Teck sells coal assets to Glencore, steelmakers for $8.9 billionUnder the deal, which still must be approved by regulators in Ottawa, Glencore is to pay $6.9 billion for 77% of Elk Valley Resources, Teck’s coal business.Colin McClelland | November 14, 2023 | 4:33 am
Glencore ready to spin-off coal unit after sealing Teck buyGlencore will merge Teck’s steelmaking coal business with its own…Cecilia Jamasmie | November 14, 2023 | 4:03 am
China tightens grip on copper, key to world’s energy transitionChina is in the midst of a breakneck expansion of…Bloomberg News | November 13, 2023 | 1:12 pm
Glencore sweetens offer for Teck with $8.2bn cash incentive Revised bid gives Teck’s shareholders the option to receive cash plus 24% of the metals unit, instead of exposure to coal and oil. Cecilia Jamasmie | April 11, 2023 | 5:53 am
Copper-based solution captures CO2, stores it in the ocean An engineering researcher at Lehigh University has developed a novel way to capture carbon dioxide from the air. Staff Writer | April 11, 2023 | 5:05 am
One of Teck Resources’ top investors backs separation plan Egerton Capital UK said it will support proposal to separate Teck's base metals and a coal businesses in upcoming shareholders vote. Cecilia Jamasmie | April 11, 2023 | 3:26 am
OZ Minerals gets Vietnam’s nod for its $6.4bn buyout by BHP The deal still remains subject to other conditions, including approval by OZ Minerals' shareholders, and by an Australian court. Reuters | April 10, 2023 | 4:53 pm
Newmont plumps final bid for Newcrest to $19.5bn Newmont has raised its buyout offer by 16% to A$32 billion. Reuters | April 10, 2023 | 4:02 pm
Codelco renews clean energy contract with Canada’s Innergex Innergex owns 55% of Pampa Elvira Solar, which generates heat through solar thermal collectors to recover dissolved copper. Reuters | April 10, 2023 | 11:02 am
Peru will mine more copper in 2023, lithium permits pending Peru expects to produce 2.8 million tonnes of copper in 2023, versus 2.44 million tonnes last year. Reuters | April 10, 2023 | 10:39 am
Chile copper shipments rebound in boost to tight global supplies Revenue from copper exports out of the top-producing nation surged 33% from the previous month. Bloomberg News | April 10, 2023 | 10:27 am
PolyMet completes $195 million rights offering, with Glencore upping stake The proceeds will be used to fund the company's portion of the NewRange JV with Teck. Staff Writer | April 10, 2023 | 9:48 am